Summary
- The Crypto Fear & Greed Index fell to 62 points.
- While Bitcoin shows a sideways trend, some altcoins have surged.
- The Fear & Greed Index, which shows market sentiment, is an important reference indicator for investment decisions.
According to the cryptocurrency data provider Alternative on the 12th, the Crypto Fear & Greed Index recorded 62 points, down 7 points from the previous day. While the leading cryptocurrency Bitcoin (BTC) is showing a sideways trend, some altcoins (cryptocurrencies other than Bitcoin) are on the rise.
As of 10:41 AM today, Bitcoin (BTC) is trading at $94,381 on CoinMarketCap, down 0.01% from the previous day.
On the other hand, many altcoins have risen. At the same time, Ethereum (ETH) rose 1.09% from the previous day, while Ripple and Binance Coin each rose 7.00% and 0.83%. Additionally, Solana (+0.17%), Dogecoin (+1.80%), and Ada (+10.59%) also recorded gains. However, TRON (TRX) fell 1.23% from the previous day.
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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