According to BlockBeats, on September 17, data from Alternative shows that the Cryptocurrency Fear and Greed Index has dropped to 33, down from 39 the previous day, indicating a rise in market fear.
The Fear and Greed Index, which ranges from 0 to 100, is a composite measure that includes several indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin‘s dominance in the overall market (10%), and Google Trends data (10%). This index is used to gauge the overall sentiment in the cryptocurrency market, with lower values indicating fear and higher values indicating greed.