BlockBeats News, February 1st, according to Alternative data, today’s cryptocurrency fear and greed index dropped to 14 (from 20 yesterday), with a weekly average of 25, indicating that the market has been in the “extreme fear” zone for multiple days.
Note: The fear index threshold is 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Sentiment (15%) + Bitcoin Dominance (10%) + Google Trends (10%).
