The Crypto Fear and Greed Index fell to 66 on Aug. 23 from 71 a day earlier, according to data from Alternative, but overall market sentiment remained in the "Greed" range. The index runs on a 0-100 scale and is built from six inputs: volatility, market trading volume, social media activity, market surveys, Bitcoin’s share of the broader market, and Google search trend analysis. In Alternative’s weighting, volatility and trading volume each account for 25% of the index, social media activity and market surveys each make up 15%, while Bitcoin dominance and Google trends each contribute 10%. The latest reading shows sentiment cooled from the previous day but did not move out of greed territory.
According to Alternative data cited by BlockBeats on Aug. 23, the Crypto Fear and Greed Index fell to 66 from 71 a day earlier, while market sentiment remained in the "Greed" zone.
The index uses a 0-100 scale and is made up of the following components:
- Volatility (25%)
- Market trading volume (25%)
- Social media activity (15%)
- Market surveys (15%)
- Bitcoin’s share of the overall market (10%)
- Google search trend analysis (10%)
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