Summary
- The Crypto Fear & Greed Index rose to 83 points, indicating a state of extreme greed.
- Major cryptocurrencies, including Bitcoin, showed an upward trend, with Bitcoin rising by 3.37%.
- The Fear & Greed Index, which reflects market sentiment, can be used as an indicator of investor sentiment.
According to the cryptocurrency data provider CoinMarketCap, the Crypto Fear & Greed Index rose by 3 points to 83 points compared to the previous day.
As of 9 a.m. today, Bitcoin (BTC) is trading at $104,590 on CoinMarketCap, up 3.37% from the previous day.
Most altcoins are also on the rise. At the same time, Ethereum (ETH) rose by 2% compared to the previous day. Ripple (XRP) and Solana (SOL) also increased by 2.11% and 1.77%, respectively. Additionally, Binance Coin (+0.50%), Dogecoin (+2.18%), Ada (+3.90%), and TRON (+1.90%) showed mixed trends.
The Fear & Greed Index is an indicator that expresses market sentiment, calculated based on factors such as 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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