Crypto Fear & Greed Index Records 49 Points, Maintaining 'Neutral' Stage

Source
Uk Jin

Summary

  • The Crypto Fear & Greed Index recorded 49 points, indicating a neutral stage.
  • Among major cryptocurrencies, Bitcoin fell by 0.07%, while Ethereum and XRP showed an upward trend.
  • The Fear & Greed Index expresses market sentiment and is calculated based on volatility, trading volume, etc.

According to the cryptocurrency data provider Alternative on the 24th, the Crypto Fear & Greed Index recorded 49 points, down 1 point from the previous day.

As of 9:03 a.m. today, Bitcoin (BTC) is trading at $96,472 on CoinMarketCap, down 0.07% from the previous day.

Altcoins showed mixed trends. At the same time, Ethereum (ETH) rose by 2.91%, and XRP also increased by 0.61%. On the other hand, Binance Coin (-1.79%), Solana (-1.68%), and Dogecoin (-1.52%) showed weakness during the day.

The Fear & Greed Index is an indicator that expresses 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 dominance (10%), and Google Trends (10%).

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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