Summary
- The virtual asset 'Fear & Greed Index' rose by 2 points compared to the previous day but is still in a state of 'Extreme Fear'.
- This index recently plummeted due to President Trump's tariff policy, reflecting investor sentiment.
- The 'Altcoin Season Index' recorded 18, up 1 point from the previous day, indicating the relative strength of altcoins.
The virtual asset 'Fear & Greed Index' continued to remain in a state of 'Extreme Fear'.
According to CoinMarketCap on the 8th, the Fear & Greed Index for virtual assets recorded 19 as of today. Although it rose by 2 points compared to the previous day, it is still in a state of extreme fear. The virtual asset Fear & Greed Index plummeted by 10 points from 27 on the 6th to 17 on the 7th due to the impact of U.S. President Donald Trump's 'tariff bomb'.
CoinMarketCap's 'Altcoin Season Index' was recorded at 18 as of today, up 1 point from the previous day. The Altcoin Season Index is an indicator measured by comparing the price fluctuation rates between the top 100 altcoins by market capitalization and Bitcoin. The closer to 100, the more it is considered an altcoin season.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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