Summary
- The crypto Fear and Greed Index recorded 20 points, reporting that 'extreme fear' continues.
- It stated that Bitcoin and major altcoins were slightly up or flat that day.
- It noted that the Fear and Greed Index is an indicator of market sentiment, calculated based on various factors such as volatility and trading volume.
According to virtual asset (cryptocurrency) data provider Alternative.me, the crypto Fear and Greed Index fell 3 points from the previous day to 20.
As of 9:45 a.m. that day, Bitcoin (BTC) was trading on CoinMarketCap at $89,496, up 0.07% from the previous day.
Altcoins were also flat. At the same time, Ethereum (ETH) and XRP (XRP) rose 0.57% and 0.22%, respectively. In addition, Solana (-0.74%), Binance Coin (+0.98%), Dogecoin (+0.25%), and Cardano (+0.24%) were also steady.
The Fear and Greed Index is an indicator expressing market sentiment: values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed. The indicator is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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