Alternative data showed on Sept. 7 that the Crypto Fear and Greed Index climbed to 71, indicating that overall market sentiment remained in the "greed" zone. The index runs on a 0 to 100 scale and is built from six components. Volatility and market trading volume each account for 25% of the reading, making them the two largest factors in the model. Social media activity and market surveys each carry a 15% weighting. Bitcoin’s share of the broader market contributes 10%, while Google search trend analysis makes up the remaining 10%. The latest reading points to continued optimistic sentiment in the crypto market, based on Alternative’s published methodology.
According to Alternative data cited by BlockBeats on Sept. 7, the Crypto Fear and Greed Index rose to 71, with market sentiment remaining in the "greed" zone.
The index uses a 0-100 scale. Its components are volatility at 25%, market trading volume at 25%, social media activity at 15%, market surveys at 15%, Bitcoin’s share of the overall market at 10%, and Google search trend analysis at 10%.
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