Add as a preferred source on GoogleCrypto Fear & Greed Index Drops to 30, Its Lowest Since Mid-August
The score was down from 51 a day earlier. Darkfost linked part of the decline to Binance’s security incident, whose broader impact Binance estimated at about $6.3 billion.
The Crypto Fear & Greed Index registered 30 in its Oct. 30 reading, down from 51 the day before. It was the gauge’s lowest level since mid-August, and the move shifted its classification from neutral to fear.
Crypto analyst Darkfost attributed part of the decline to Binance’s security incident. Darkfost also said a clear deterioration in fundamentals did not fully explain the move. Binance estimated the broader incident’s impact at about $6.3 billion.
The Oct. 30 reading was above the extreme-fear threshold, which is below 25. Darkfost said market sentiment could remain under pressure.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.