Cryptocurrency Fear and Greed Index Drops to 27 as Market Cools Off
BlockBeats News, January 9th, according to Alternative data, today's cryptocurrency Fear and Greed Index dropped to 27 (from 28 yesterday), signaling a market downturn. The index had an average of 28 last week, indicating several consecutive days of market "fear".
Note: The Fear and Greed Index ranges from 0 to 100, including the following metrics: Volatility (25%) + Market Trading Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin's Market Dominance (10%) + Google Trends Analysis (10%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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