Summary
- The Crypto Fear and Greed Index recorded 21 points, entering an extreme fear phase.
- Prices of major altcoins, including Bitcoin, fell sharply compared to the previous day.
- The Fear and Greed Index is used as a reference indicator for investment decisions linked to market sentiment.
On the 4th, according to virtual asset (cryptocurrency) data provider Alternative.me, the Crypto Fear and Greed Index recorded 21, down 21 points from the previous day.
As of 9 a.m. that day, Bitcoin (BTC) was trading at 106,461 dollars on CoinMarketCap, down 3.82% from the previous day.
Altcoins were also weak. At the same time, Ethereum (ETH) and XRP (XRP) plunged 7.95% and 8.65%, respectively. In addition, Solana (-12.07%), Binance Coin (-8.58%), Tron (-5.69%), Dogecoin (-10.42%), and Cardano (-9.68%) also fell sharply compared to the previous day.
The Fear and Greed Index is an indicator that reflects market sentiment; values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), Google search volume (10%), and other factors.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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