Cryptocurrency Fear and Greed Index Drops to 39, Market Quickly Enters "Fear" State

BlockBeats News, August 30, according to Alternative Data, today's cryptocurrency Fear and Greed Index is 39 (yesterday was 50, last week's average was 60), falling below 40 for the first time since the end of April, as the market quickly plunges into a "fear" sentiment.

Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the overall market (10%) + Google Trends Analysis (10%).