Cryptocurrency Fear & Greed Index Records 47 Points... Transition to 'Neutral' Stage

Uk Jin

Summary

The cryptocurrency Fear & Greed Index recorded 47 points, transitioning to the 'neutral' stage.
Bitcoin's price increased by 0.74% to $97,709, while altcoins showed mixed trends.
The 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 47 points, up 4 points from the previous day.

As of 9:20 a.m. today, Bitcoin (BTC) is recorded at $97,709 on CoinMarketCap, up 0.74% from the previous day.

Altcoins showed mixed trends. At the same time, Ethereum (ETH) rose 0.72%, while Ripple (XRP) and Solana (SOL) fell 0.03% and 1.77%, respectively. Additionally, Binance Coin (+0.12%), Dogecoin (+1.47%), Ada (+3.49%), and TRON (+5.72%) 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%).