Virtual Asset Fear & Greed Index Records 20 Points… Returns to Extreme Fear

Uk Jin

Summary

The virtual asset Fear & Greed Index recorded 20 points, falling by 7 points from the previous day, indicating a return to 'extreme fear'.
It was reported that Bitcoin and several altcoins are on a downward trend, suggesting that market investment sentiment is shrinking.
The Fear & Greed Index is an indicator that measures market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed.

According to the virtual asset (cryptocurrency) data provider Alternative on the 10th, the virtual asset Fear & Greed Index fell by 7 points from the previous day to record 20 points.

As of 9:13 a.m. on this day, Bitcoin (BTC) is trading at $80,877 on CoinMarketCap, down 6.25% from the previous day.

Most altcoins also fell. At the same time, Ethereum fell by 8.34%, and XRP and Solana fell by 8.15% and 7.80%, respectively. In addition, Binance Coin (-6.16%), ADA (-10.31%), Dogecoin (-12.46%), and TRON (-4.44%) also showed weakness.

The Fear & Greed Index is an indicator that expresses market sentiment, with a score closer to 0 indicating extreme fear and a score 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%).