- The virtual asset Fear & Greed Index recorded 24 points, indicating that the 'extreme fear' state continues.
- It was analyzed that major altcoins, including Bitcoin, are on a downward trend, suggesting that investor sentiment is shrinking.
- The Fear & Greed Index represents market sentiment, and the current index suggests an extreme fear state.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
According to the virtual asset (cryptocurrency) data provider Alternative on the 11th, the virtual asset Fear & Greed Index rose by 4 points from the previous day to record 24 points.
As of 9:23 a.m. on this day, Bitcoin (BTC) is trading at $77,730 on CoinMarketCap, down 3.48% from the previous day.
Most altcoins also fell. At the same time, Ethereum fell by 8.08%, and XRP and Solana fell by 5.74% and 6.65%, respectively. In addition, Binance Coin (-4.81%), ADA (-6.86%), Dogecoin (-8.82%), and TRON (-1.44%) 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%).
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