Crypto Fear & Greed Index Scores 72... Returns to 'Greed' Stage

Uk Jin

Summary

The Crypto Fear & Greed Index recorded a score of 72, indicating a shift to the 'Greed' stage.
Bitcoin and many altcoins are reported to be on the rise.
The Fear & Greed Index is noted as an indicator reflecting market sentiment, drawing attention from investors.

According to the cryptocurrency data provider Alternative, the Crypto Fear & Greed Index rose by 28 points from the previous day, reaching a score of 72.

As of 9:10 AM today, Bitcoin (BTC) is trading at $101,685 on CoinMarketCap, up 4.46% from the previous day.

Most altcoins are also on the rise. At the same time, Ethereum (ETH) increased by 0.88%, while Ripple (XRP) and Solana (SOL) rose by 7.19% and 7.30%, respectively. Additionally, Binance Coin (+0.41%), Dogecoin (+7.86%), Ada (+2.78%), and TRON (+2.26%) are also showing strength.

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's market cap dominance (10%), and Google search trends (10%).