Summary
- It reported that the crypto fear and greed index decreased to 26 points and remained in the 'Fear' stage.
- It said the index fell 3 points from the previous day, showing a deterioration in investor sentiment.
- It explained that the index is calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, Google search volume.
The cryptocurrency (crypto) fear and greed index fell 3 points from the previous day, showing a deterioration in investor sentiment. The fear and greed index is a measure of market sentiment: values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed.
On the 11th (local time), the fear and greed index provided by crypto analytics firm Alternative was 26 out of 100, remaining in the 'Fear' stage. The index fell 3 points from the previous day (29 points), indicating a slight contraction in market sentiment.
The fear and greed index is calculated based on volatility(25%), trading volume(25%), social media(15%), surveys(15%), Bitcoin market cap dominance(10%), and Google search volume(10%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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