The index measures the mood of the crypto market. It looks at things like price swings, trading volume, social media activity and how dominant Bitcoin is.
Some traders get careful when everyone is extremely greedy, and look for chances when everyone is extremely fearful. It is a mood gauge, not a signal to buy or sell on its own. Always check the price chart too.
See Bitcoin price USDT in naira Share on WhatsAppSource: alternative.me Fear & Greed Index, updated daily. This is for information only and is not financial advice. Crypto is risky and you can lose money.