Virtual Asset Fear & Greed Index Records 24 Points… 'Extreme Fear' Continues

Uk Jin

Summary

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.

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%).