Cryptocurrency data provider Alternative's self-estimated 'Fear and Greed Index' recorded 48, down 1 point from the previous day. The neutral phase was maintained. The closer the index is to 0, the more extreme market fear it is, and the closer it is to 100, the more extreme optimism it is. The fear and greed index is based on volatility (25%), transaction volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market capitalization weight (10%), and Google search volume (10%). It is calculated as