'Breather' Bitcoin...Crypto Fear & Greed Index Turns Neutral

Uk Jin

Summary

The Crypto Fear & Greed Index fell by 7 points, turning to a neutral stage.
Bitcoin and major altcoins are showing a sideways trend with slight rises and falls.
Meanwhile, Ripple rose by 2.95% due to the approval of the futures ETF.

According to the cryptocurrency data provider Alternative on the 28th, the Crypto Fear & Greed Index recorded 54 points, down 7 points from the previous day, turning to a neutral stage.

As of 9:06 a.m. today, Bitcoin (BTC) is trading at $93,886 on CoinMarketCap, up 1.00% from the previous day.

Altcoins are also showing a sideways trend simultaneously. At the same time, Ethereum (ETH) and Binance Coin (BNB) fell by 1.38% and 0.62%, respectively. In addition, Solana (-0.50%), Ada (+0.29%), and Dogecoin (-0.99%) also showed a flat trend around 1%. However, Ripple (XRP) rose 2.95% on the news of the futures ETF approval.

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%).