Crypto Fear & Greed Index records 84 points… Up 6 points from the previous day

Uk Jin

Summary

The Crypto Fear & Greed Index recorded 84 points, indicating that investors' greed sentiment is strengthening.
Bitcoin rose by 3% to $98,900, but altcoins are showing mixed trends.
The Fear & Greed Index is an important indicator that reflects market sentiment based on volatility, trading volume, social media, and surveys.

According to the cryptocurrency data provider Alternative on the 5th, the Crypto Fear & Greed Index recorded 84 points, up 6 points from the previous day.

As of 9:30 a.m. today, Bitcoin (BTC) is trading at $98,900 on CoinMarketCap, up 3% from the previous day.

On the other hand, altcoins are showing mixed trends. At the same time, Ethereum (ETH) rose by 5%, while Ripple (XRP) fell by 9%. Additionally, Solana (-5%), Binance Coin (-3%), Dogecoin (+4%), Cardano (-3%), and TRON (-17.84%) also showed mixed trends.

The Fear & Greed Index is an indicator that expresses market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).