Summary
- The Crypto Fear & Greed Index recently recorded 75 points, entering the 'Greed' stage.
- Bitcoin and major altcoins have shown an overall downward trend, indicating a price adjustment.
- The Fear & Greed Index, which reflects market sentiment, is calculated considering various factors.
According to the cryptocurrency data provider Alternative on the 19th, the Crypto Fear & Greed Index recorded 75 points, down 6 points from the previous day.
As of 9 a.m. today, Bitcoin (BTC) is trading at $10,882 on CoinMarketCap, down 5% from the previous day.
Most altcoins are also on a downward trend. At the same time, Ethereum (ETH) fell by 6%, while Ripple (XRP) and Solana (SOL) dropped by 9% and 8%, respectively. Additionally, Binance Coin (-4%), Dogecoin (-9%), Ada (-7.68%), and TRON (-7.52%) also saw significant declines.
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 trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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