Crypto Fear & Greed Index Falls to 71, Remains in Greed Territory

The cryptocurrency Fear & Greed Index stood at 71 on September 30, down 2 points from a day earlier, according to crypto data provider Alternative.As of 9 a.m., Bitcoin was trading at $83,680 on CoinMarketCap, up 0.21% from the previous day.Altcoins were broadly weaker as well. Ether fell 0.42% and BNB dropped 0.61% at the same time. Other major cryptocurrencies, including XRP (-0.42%), Tron (-0.35%), Hyperliquid (-1.54%) and Zcash (-4.10%), were also lower, with Solana (+0.40%) the only major token in positive territory.The Fear & Greed Index is a measure of market sentiment. A reading closer to 0 indicates extreme fear, while one closer to 100 signals extreme greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market capitalization dominance (10%) and Google search trends (10%).