Virtual Asset Fear & Greed Index Records 44 Points… Up 10 Points from Previous Day

Uk Jin

Summary

The virtual asset Fear & Greed Index rose by 10 points from the previous day to record 44 points, indicating a bullish market.
Major virtual assets, including Bitcoin, showed strength along with altcoins, with Bitcoin rising 3.17% to $85,174 from the previous day.
The Fear & Greed Index is calculated based on volatility, trading volume, and social media data, and is an important indicator of market sentiment.

According to the virtual asset (cryptocurrency) data provider Alternative on the 2nd, the virtual asset Fear & Greed Index recorded 44 points, up 10 points from the previous day. This is due to the strength shown by major virtual assets, including Bitcoin (BTC).

As of 9:03 AM on this day, Bitcoin is trading at $85,174 on CoinMarketCap, up 3.17% from the previous day.

Most altcoins also showed strength. At the same time, Ethereum and XRP rose by 4.50% and 2.08%, respectively. Additionally, Binance Coin (+1.07%), Solana (+1.57%), Dogecoin (+4.11%), and Ada (+2.09%) also recorded upward trends.

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 Trends (10%).