Crypto asset Fear & Greed Index records 23 points… remains in 'Extreme Fear' stage
Summary
- The crypto asset Fear & Greed Index remained at 23 points, maintaining the 'Extreme Fear' stage.
- The index rose 2 points from the previous day, indicating a slight improvement in investor sentiment.
- It explained that the index is calculated based on various indicators such as volatility, trading volume, and Bitcoin market cap dominance.
The crypto asset (cryptocurrency) Fear & Greed Index rose by 2 points from the previous day, showing a slight improvement in investor sentiment. The Fear & Greed Index is a measure of market sentiment where a score close to 0 indicates extreme fear and a score close to 100 indicates extreme greed.
On the 5th (local time), the Fear & Greed Index provided by crypto asset analytics firm Alternative currently stands at 23 out of 100, maintaining the 'Extreme Fear' stage. The index rose 2 points from the previous day (21 points), showing a slight improvement in market sentiment.
The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), Google search volume (10%), among others.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
