The Crypto Fear and Greed Index has dropped to 56, indicating that the market is still experiencing "greed" sentiment

BlockBeats News, August 16th, according to Alternative Data, today's Crypto Fear and Greed Index dropped to 56 (yesterday was 60), with last week's average at 67, indicating the market is still in a "Greed" sentiment.

Note: The Fear and Greed Index has a range of 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance Ratio (10%) + Google Trends Analysis (10%).