Continued Weakness... Cryptocurrency 'Fear & Greed Index' Records 44 Points

Uk Jin

Summary

The cryptocurrency Fear & Greed Index fell to 44 points, indicating that the market has shifted to a fear stage.
Amidst the weakness in major cryptocurrency prices, Bitcoin recorded a 0.94% drop to $95,098 from the previous day.
The Fear & Greed Index is calculated based on various indicators such as volatility and trading volume, and currently indicates a state of extreme fear.

According to Alternative, a cryptocurrency (crypto asset) data provider, the cryptocurrency Fear & Greed Index recorded 44 points, down 3 points from the previous day. This indicates that the market has re-entered the fear stage.

As of 10:18 a.m. today, Bitcoin (BTC) is recorded at $95,098 on CoinMarketCap, down 0.94% from the previous day.

Most altcoins are also weak. At the same time, Ethereum (ETH) fell 2.68%, and both Ripple (XRP) and Solana (SOL) plummeted 4.66% and 6%, respectively. Additionally, Binance Coin (-3.69%), Dogecoin (-3.31%), and Ada (-6.38%) also declined. On the other hand, TRON (+1.32%) rose.

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%).