Latest Update on the Fear and Greed Index
According to the latest data, today's Fear and Greed Index has risen to 17 from 14 yesterday, indicating that overall market sentiment remains in the "Extreme Fear" zone despite some improvement.
Breakdown of the Index Components
The Fear and Greed Index ranges from 0 to 100. The current reading shows that market participants are still highly uncertain. The index is calculated based on the following weighted factors:
- Volatility accounts for 25%
- Market trading volume accounts for 25%
- Social media sentiment contributes 15%
- Market surveys make up 15%
- Bitcoin's dominance in the crypto market is 10%
- Google search trends account for 10%
The increase in the index suggests the market may be slowly adjusting to current conditions, although investor sentiment has not yet shown a meaningful recovery.