Summary
- It was reported that the virtual asset fear & greed index rose to 45 points, indicating an improvement in market sentiment, requiring investors' attention.
- It was stated that the prices of Bitcoin and several altcoins are on an upward trend, showing market strength.
- It was reported that the prices of most virtual assets rose except for Tron, which may be related to the rise in the fear & greed index.
According to Alternative, a virtual asset (cryptocurrency) data provider, the virtual asset fear & greed index recorded 45 points, up 15 points from the previous day.
As of 9:21 AM, Bitcoin (BTC) is trading at $86,029 on CoinMarketCap, up 2.70% from the previous day.
Most altcoins also showed strength. At the same time, Ethereum and XRP rose by 1.18% and 2.75%, respectively. Additionally, Binance Coin (+0.04%), Solana (+3.47%), Dogecoin (+3.25%), and ADA (+0.92%) all increased. On the other hand, Tron fell by 3.22% from the previous 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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