Virtual asset fear and greed index records 11 points… 'Extreme fear' stage maintained
Summary
- The virtual asset fear and greed index was 15 points, maintaining the 'extreme fear' stage.
- It reported that the index fell by 4 points from the previous day, showing a deterioration in market sentiment.
- It explained that the index is calculated based on various factors such as volatility, trading volume, and social media.
The virtual asset (cryptocurrency) fear and greed index fell by 4 points from the previous day, showing a deterioration in investor sentiment. The fear and greed index is an indicator that expresses market sentiment; values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed.
On the 20th (local time), the fear and greed index provided by virtual asset analytics firm Alternative was 15 out of 100, maintaining the 'extreme fear' stage. The index fell by 4 points from the previous day (15 points), showing that market sentiment has somewhat worsened.
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%).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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