Summary
- The virtual asset Fear & Greed Index recorded 32 points, remaining in the fear stage.
- It was reported that major altcoin prices, including Bitcoin, showed a downward trend.
- This indicator, which measures market sentiment, is used as an important reference material for investment decisions.
According to the virtual asset (cryptocurrency) data provider Alternative on the 17th, the virtual asset Fear & Greed Index recorded 32 points, up 2 points from the previous day.
As of 9:02 AM, Bitcoin (BTC) is trading at $82,582 on CoinMarketCap, down 2.08% from the previous day.
Most altcoins also fell on this day. At the same time, Ethereum fell by 2.52%, while XRP and Solana decreased by 3.86% and 7.13%, respectively. Additionally, Binance Coin (-2.79%), ADA (-5.61%), and Dogecoin (-4.31%) showed weakness during the day.
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.
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