Summary
- The Crypto Fear & Greed Index dropped 8 points to 70, compared to the previous day.
- Bitcoin price fell sharply by 5.28%, requiring investors' attention.
- Major altcoins like Ethereum, Ripple, and Dogecoin also recorded a downward trend.
According to the cryptocurrency data provider Alternative on the 8th, the Crypto Fear & Greed Index recorded 70 points.
As of 9 a.m. today, Bitcoin (BTC) is trading at $96,861 on CoinMarketCap, a sharp drop of 5.28% from the previous day.
Most altcoins also recorded a downward trend. At the same time, Ethereum (ETH) fell by 8.13%, while Ripple and Dogecoin (DOGE) dropped by 5.94% and 10.04%, respectively. Additionally, Binance Coin (-4.43%), Solana (-7.59%), Cardano (-9.27%), and Tron (-5.89%) also experienced 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 dominance (10%), and Google Trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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