Cryptocurrency Fear & Greed Index Records 43 Points... 'Fear' Stage Continues

Uk Jin

Summary

The cryptocurrency Fear & Greed Index recorded 43 points, continuing the 'fear' stage.
Bitcoin's price increased slightly to $97,029, while most altcoins remained flat.
The Fear & Greed Index is calculated based on various factors such as volatility, trading volume, and social media.

According to Alternative, a cryptocurrency (crypto asset) data provider, the cryptocurrency Fear & Greed Index recorded 43 points, down 3 points from the previous day.

As of 9:06 a.m. today, Bitcoin (BTC) is recorded at $97,029 on CoinMarketCap, up 0.58% from the previous day.

Most altcoins remained flat. At the same time, Ethereum (ETH) rose 0.47%, while Ripple (XRP) and Solana (SOL) rose 0.01% and 1.95%, respectively. Additionally, Binance Coin (+0.92%), Dogecoin (-1.47%), Ada (-1.40%), and TRON (+0.72%) showed a stable trend.

The Fear & Greed Index is an indicator expressing market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).