Virtual Asset Fear & Greed Index Records 52 Points… Transition to Neutral Stage

Uk Jin

Summary

The virtual asset Fear & Greed Index recorded 52 points, transitioning to a neutral stage.
Bitcoin and major altcoins showed a downward trend, reflecting market uncertainty.
The Fear & Greed Index, which indicates market sentiment, is calculated based on various factors such as volatility and trading volume.

According to the virtual asset (cryptocurrency) data provider Alternative on the 5th, the virtual asset Fear & Greed Index recorded 52 points, down 12 points from the previous day, transitioning to a neutral stage.

As of 9:05 a.m. today, Bitcoin (BTC) is trading at $94,288 on CoinMarketCap, down 1.72% from the previous day.

Most altcoins also showed a bearish trend. At the same time, Ethereum and XRP fell by 1.44% and 1.43%, respectively. Additionally, Binance Coin (-2.21%), Solana (-2.00%), Dogecoin (-2.97%), and Ada (-3.40%) also declined. However, TRON rose by 0.83% 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 market cap dominance (10%), and Google search trends (10%).