{"id":95151,"date":"2024-09-28T08:59:51","date_gmt":"2024-09-28T12:59:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95151"},"modified":"2024-09-28T09:03:44","modified_gmt":"2024-09-28T13:03:44","slug":"crypto-fear-greed-index-returns-to-greed-zone","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-fear-greed-index-returns-to-greed-zone\/","title":{"rendered":"Crypto Fear & Greed Index Returns to Greed Zone"},"content":{"rendered":"\n

The Crypto Fear & Greed Index remained in “Fear” for most of August, with sentiment reaching a yearly low of 17 on August 6.<\/p>\n\n\n\n

\"Crypto<\/figure>\n\n\n\n

The Crypto Fear & Greed Index has reached its highest level since July, remaining above a score of 60 for two consecutive days. <\/p>\n\n\n\n

The update\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> on September 28 showed a score of 64, placing it in the “Greed” zone as Bitcoin's price briefly approached $66,000, according to CoinMarketCap.<\/p>\n\n\n\n

The Crypto Fear & Greed Index was designed to quantify the current \u201cemotions and sentiments\u201d regarding Bitcoin and the broader cryptocurrency market, with a maximum score of 100 and a minimum of 0. <\/p>\n\n\n\n

\"\"
The Index\u2019s score of 64 as shown on Sept. 28. Source: alternative.me<\/em><\/figcaption><\/figure>\n\n\n\n

Throughout August, the index predominantly lingered in “Fear,” hitting its lowest point of 2024 at 17 on August 6, when Bitcoin was priced around $53,000. <\/p>\n\n\n\n

The last instance of the index exceeding a score of 64 occurred on July 30, when Bitcoin was similarly around $66,000.<\/p>\n\n\n\n

The index derives from various factors influencing traders' and investors' behaviors, including Google Trends, surveys, market momentum, market dominance, social media activity, and market volatility. <\/p>\n\n\n\n

According to the Crypto Fear & Greed Index data sources, the score is determined by 25% market volatility, 25% market momentum, and 15% social media trends and other indicators.<\/p>\n\n\n\n

Markus Thielen, an analyst and head of research at 10x Research, noted in a report on September 27 that there could be a crypto rally in the fourth quarter, as Bitcoin's rebound above the $65,000 mark may induce a fear of missing out (FOMO) <\/a>among investors. <\/p>\n\n\n\n

CoinMarketCap data indicates that Bitcoin has gained approximately 11.18% over the past month, marking its best performance since March.<\/p>\n\n\n\n

Meanwhile, Charles Edwards, founder and CEO of Capriole, anticipated substantial capital inflows as traders shift away from gold and other stocks. <\/p>\n\n\n\n

\u201cThe capital flows back into Bitcoin from gold and stocks over the next 6 months will be relentless,\u201d Edwards stated in a September 27 post on X.<\/p>\n\n\n\n

\n

The capital flows back into Bitcoin from gold and stocks over the next 6 months will be relentless.<\/p>— Charles Edwards (@caprioleio) September 27, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Asset management giant VanEck has identified Bitcoin as the top-performing asset of 2024, significantly outperforming traditional assets, with spot BTC prices experiencing a 124% increase over the last 12 months. <\/p>\n\n\n\n

However, the asset manager also mentioned that a recent downturn has left investors feeling \u201cspooked.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Crypto Fear & Greed Index remained in “Fear” for most of August, with sentiment reaching a yearly low of 17 on August 6. The Crypto Fear & Greed Index has reached its highest level since July, remaining above a score of 60 for two consecutive days. The update on September 28 showed a score […]<\/p>\n","protected":false},"author":56,"featured_media":95154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,376,197],"class_list":["post-95151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cryptocurrencies","tag-defi"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Crypto-Fear-Greed-Index-Returns-to-Greed-Zone.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95151"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95154"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}