The crypto Fear and Greed Index stood at 59 on Oct. 9, down from 64 a day earlier, according to data from Alternative. The reading shows that the market remains in "Greed" territory, but sentiment has continued to cool from the previous day. The index is measured on a scale from 0 to 100.
Alternative’s methodology includes six components. Volatility and market trading volume each account for 25% of the score. Social media heat and market surveys each make up 15%. Bitcoin’s share of the overall market contributes 10%, and Google Trends analysis adds the remaining 10%.
According to BlockBeats, citing Alternative data on Oct. 9, the crypto Fear and Greed Index came in at 59, down from 64 a day earlier. The market remained in "Greed" territory, though that sentiment continued to cool.
How the index is calculated
The Fear and Greed Index uses a 0 to 100 scale and includes the following factors:
- Volatility: 25%
- Market trading volume: 25%
- Social media heat: 15%
- Market surveys: 15%
- Bitcoin’s share of the overall market: 10%
- Google Trends analysis: 10%
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