Data shows the Bitcoin market sentiment has plunged into fear as the cryptocurrency’s price has observed a crash to the $26,500 level. Bitcoin Fear & Greed Index Points At “Fear” In The Market The “Fear & Greed Index” is an indicator that tells us about the general sentiment among investors in the Bitcoin and wider cryptocurrency market. This metric uses a numeric scale that runs from 0-100 for displaying the sentiment. All values above the 54 mark suggest the presence of greed among the investors, while those below 46 imply a majority mentality of fear. The region between these cutoffs reflects the neutral sentiment. As for how the index calculates the sentiment, Alternative.me, the creator of the metric, explains that it takes into account several different factors. Namely; volatility, trading volume, social media sentiment, market cap dominance, and Google Trends are what the indicator currently makes use of to pinpoint the market mentality. Now, here is what the Bitcoin Fear & Greed Index’s value looks like right now: The value of the metric seems to be inside th ..
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