Crypto Fear & Greed Index Records 26 Points, Returning to 'Fear' Stage

Uk Jin

Summary

The Crypto Fear & Greed Index rose to 26 points, indicating a return to the 'Fear' stage.
Bitcoin and most altcoins are showing an upward trend, indicating strength.
Conversely, Ethereum and Solana are on a downward trend, suggesting continued market volatility.

According to the cryptocurrency data provider Alternative on the 2nd, the Crypto Fear & Greed Index recorded 26 points, up 6 points from the previous day.

As of 9:44 a.m. today, Bitcoin (BTC) is trading at $86,169 on CoinMarketCap, up 2.46% from the previous day.

Most altcoins also rose. At the same time, XRP and Binance Coin (BNB) increased by 2.86% and 3.77%, respectively. Additionally, Dogecoin (+3.25%), Ada (+4.50%), and TRON (+0.35%) showed strength. On the other hand, Ethereum and Solana fell by 0.38% and 1.49%, respectively.

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%).