Alternative’s 0-100 sentiment gauge was unchanged on June 7 from the previous day, with market mood still in extreme fear and the index weighted most heavily toward volatility and trading volume.
Crypto market sentiment remained in "Extreme Fear" on June 7, with Alternative’s Fear and Greed Index holding at 12 for a second straight day. The 0-100 gauge tracks market mood, and the low reading pointed to continued caution across digital assets. Alternative said the index is calculated from volatility and trading volume, weighted at 25% each, social media activity and market surveys at 15% each, and Bitcoin market share and Google Trends analysis at 10% each.