Summary
- The virtual asset Fear & Greed Index reportedly recorded 33 points, rising from the previous day.
- It was reported that Bitcoin and major altcoins showed an upward trend.
- The Fear & Greed Index, which indicates market sentiment, is important as an indicator of investor behavior.
According to the virtual asset (cryptocurrency) data provider Alternative on the 3rd, the virtual asset Fear & Greed Index recorded 33 points, up 7 points from the previous day.
As of 9:03 a.m. that day, Bitcoin (BTC) is trading at $94,167 on CoinMarketCap, up 9.46% from the previous day.
Most altcoins also rose. At the same time, Ethereum increased by 13.24%, and both XRP and Solana rose by 33.28% and 23.43%, respectively. Additionally, Binance Coin (+2.56%), ADA (+72.07%), Dogecoin (+3.25%), and Tron (+4.62%) also showed an upward trend.
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 market cap dominance (10%), and Google search trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
