Crypto Fear and Greed Index Moves to 8, Remaining in Extreme Fear
According to Alternative.me, the Crypto Fear and Greed Index stands at 8 on February 24, up from 5 yesterday, marking extreme fear levels last seen in June 2022 and August 2019.
Fact Check
Multiple independent and authoritative sources directly confirm that the Crypto Fear and Greed Index stood at 5, indicating 'Extreme Fear'. Posts from the official Bitcoin Fear and Greed Index account on X and Reddit both explicitly state the value as 5, supported by screenshots and timestamps consistent with contemporaneous market conditions. Several corroborating news articles from credible crypto outlets, including Blockhead, BingX, and Moneycontrol, reference the same figure or a narrow range (5–6) as the current value. CoinMarketCap-related sources provide context about extreme fear but with less numerical precision, which supports overall sentiment consistency. No primary source presents a contradictory figure significantly different from 5, except for an earlier report listing 14, likely reflecting an earlier date. Given strong cross-verification among independent sources with moderate to high authority and direct numeric agreement, the statement that the index value is 5 is highly likely to be true.
Summary
According to Alternative.me, the Crypto Fear and Greed Index registered 8 on February 24, compared with 5 on February 23, indicating ongoing extreme fear. The sentiment gauge, which runs on a 0–100 scale, uses volatility, trading volume, and social metrics. Comparable lows were last observed in June 2022 and August 2019, underscoring persistent risk aversion in the crypto market.
Terms & Concepts
- Crypto Fear and Greed Index: A sentiment indicator for the crypto market ranging from 0 (extreme fear) to 100 (extreme greed).
- Extreme Fear: A period of very low sentiment readings signaling heightened caution and risk aversion among investors.