Cryptocurrency Market Sentiment Shifts To Fear

According to BlockBeats, the Fear and Greed Index for cryptocurrencies has dropped to 39 on October 10, down from 49 the previous day. This shift indicates a change in market sentiment from 'neutral' to '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 search trends (10%).