Summary
- The Crypto Fear and Greed Index recorded 69 points, down 1 point from the previous day.
- Bitcoin is trading at $94,979, down 1.80% from the previous day, and major altcoins are also showing a downward trend.
- On the other hand, Ripple uniquely rose by 4.03%, showing strength in a declining market.
According to the cryptocurrency data provider Alternative, the Crypto Fear and Greed Index recorded 69 points, down 1 point from the previous day.
As of 9 a.m. today, Bitcoin (BTC) is trading at $94,979 on CoinMarketCap, down 1.80% from the previous day.
Most altcoins also recorded a downward trend. At the same time, Ethereum (ETH) fell by 1.87%, and Binance Coin (BNB) and Solana (SOL) fell by 0.38% and 2.42%, respectively. Additionally, Dogecoin (-2.07%), Cardano (-4.51%), and Tron (-0.67%) also showed weakness. On the other hand, Ripple rose by 4.03%, recording a solitary upward trend in the declining market.
The Fear and 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.
![[Key Economic and Crypto Events for the Week Ahead] U.S. January CPI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
