Summary
- The virtual asset Fear & Greed Index reportedly plummeted by 18 points from the previous day to record 15 points.
- It was reported that major virtual assets like Bitcoin and Ethereum showed a downward trend.
- The index is calculated based on indicators such as volatility, trading volume, and social media.
According to the virtual asset data provider Alternative on the 4th, the virtual asset Fear & Greed Index recorded 15 points, down 18 points from the previous day.
As of 9:35 a.m. that day, Bitcoin is trading at $86,044 on CoinMarketCap, down 8.14% from the previous day.
At the same time, Ethereum (ETH) fell by 13.98%, and both XRP and Binance Coin (BNB) decreased by 16.63% and 7.13%, respectively. Additionally, Solana (-18.80%), ADA (-24.62%), Dogecoin (-15.56%), and Tron (-4.85%) also showed a downward 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.
