Virtual Asset Fear & Greed Index Records 47 Points, Enters Neutral Stage

Uk Jin

Summary

The Virtual Asset Fear & Greed Index recorded 47 points, entering the neutral stage from the previous fear stage.
Bitcoin (BTC) slightly rose to $87,374, and most other altcoins also showed a sideways trend.
Dogecoin (DOGE) surged by 4.28%, and the Fear & Greed Index, which represents market sentiment, is calculated based on various indicators.

According to Alternative, a virtual asset (cryptocurrency) data provider, the Virtual Asset Fear & Greed Index recorded 47 points, up 1 point from the previous day. As a result, the Virtual Asset Fear & Greed Index has entered the neutral stage from the previous fear stage.

As of 9:00 AM, Bitcoin (BTC) is trading at $87,374 on CoinMarketCap, up 0.04% from the previous day.

Most altcoins also showed a sideways trend. At the same time, Ethereum (ETH) recorded a 0.75% decrease to $2,065, and Ripple (XRP) recorded a 0.01% increase to $2.44. They rose by 3.99% and 0.58%, respectively. Additionally, Binance Coin (-1.14%), Solana (+1.89%), ADA (+1.74%), and TRON (-0.43%) all showed fluctuations around 2%. However, Dogecoin (DOGE) surged by 4.28% on this 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%).