BlockBeats News, October 12th, according to Alternative Data, today’s cryptocurrency Fear and Greed Index dropped to 24 (yesterday was 27), plunging market sentiment into a state of “extreme fear,” with a weekly average of 74.
Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin’s share of the overall market (10%) + Google Trends Analysis (10%).
