Virtual Asset Fear & Greed Index Records 34 Points, Continues Fear Stage

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Uk Jin

Summary

  • The Virtual Asset Fear & Greed Index recorded 34 points, indicating a fear stage.
  • Bitcoin recorded a 0.24% decrease to $82,386, showing a steady market overall.
  • Ethereum and Binance Coin fell by 1.10% and 0.13%, respectively, while XRP rose.

According to Alternative, a virtual asset (cryptocurrency) data provider, the Virtual Asset Fear & Greed Index recorded 34 points, up 2 points from the previous day.

As of 9:03 AM, Bitcoin (BTC) is trading at $82,386 on CoinMarketCap, down 0.24% from the previous day.

Altcoins showed a steady trend. At the same time, Ethereum and Binance Coin fell by 1.10% and 0.13%, respectively. On the other hand, XRP and Solana rose by 0.10% and 0.34%, respectively. Additionally, Dogecoin (-1.56%) and ADA (-1.74%) also showed a slight downward trend.

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%).

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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