Crypto Fear & Greed Index Records 60 Points... Back to Greed Stage

Uk Jin

Summary

The Crypto Fear & Greed Index recorded 60 points, entering the Greed Stage.
The prices of major cryptocurrencies like Bitcoin and Ethereum have slightly increased, reflecting positive market sentiment.
The Fear & Greed Index is calculated based on various factors such as volatility, trading volume, and social media.

According to Alternative, a cryptocurrency data provider, the Crypto Fear & Greed Index recorded 60 points, up 6 points from the previous day.

As of 9:35 a.m., Bitcoin (BTC) is trading at $95,086 on CoinMarketCap, up 1.48% from the previous day.

Most altcoins also showed a slight upward trend. At the same time, Ethereum (ETH) and XRP rose by 1.34% and 1.99%, respectively. Additionally, Binance Coin (+0.29%), Solana (+0.26%), Dogecoin (+0.62%), Ada (+0.66%), and TRON (+1.75%) also recorded gains compared to the previous 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 dominance (10%), and Google Trends (10%).