Virtual Asset Fear & Greed Index Records 39 Points... Remains in Fear Stage

Uk Jin

Summary

The Virtual Asset Fear & Greed Index remained in the fear stage at 39 points.
Bitcoin slightly rose to $85,390, while altcoins showed mixed trends.
The Fear & Greed Index is an indicator of market sentiment, calculated based on volatility, trading volume, social media, etc.

According to Alternative, a virtual asset (cryptocurrency) data provider, the Virtual Asset Fear & Greed Index recorded 39 points, up 2 points from the previous day.

As of 9:16 a.m. today, Bitcoin (BTC) is trading at $85,390 on CoinMarketCap, up 0.19% from the previous day.

Altcoins showed mixed trends. At the same time, Ethereum (ETH) and Ripple (XRP) fell by 1.25% and 0.24%, respectively, while Binance Coin (BNB) rose by 0.12%. Meanwhile, Solana (-1.44%), Ada (-1.08%), and Dogecoin (-1.22%) showed weakness during the 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%).