'Frozen Investor Sentiment'... Crypto Fear & Greed Index Enters Fear Stage

Uk Jin

Summary

The Crypto Fear & Greed Index has dropped 16 points from the previous day, entering the fear stage.
Major altcoins, including Bitcoin, are showing a downward trend, reflecting market concerns.
The index expresses market sentiment, indicating that psychological fear may influence investment decisions.

According to the cryptocurrency data provider Alternative on the 3rd, the Crypto Fear & Greed Index recorded 44 points, down 16 points from the previous day.

As of 9:07 a.m. today, Bitcoin (BTC) is trading at $97,539 on CoinMarketCap, down 3.01% from the previous day.

Altcoins are also on a downward trend. At the same time, Ethereum (ETH) fell by 8.19%, while Ripple (XRP) and Solana (SOL) dropped by 11.92% and 4.86%, respectively. Additionally, Binance Coin (BNB), Dogecoin (DOGE), Cardano (ADA), and Tron (TRX) also saw significant declines of 5.68%, 14%, 11.65%, and 8.14%, respectively.

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%).