Virtual Asset Fear & Greed Index Records 67 Points… Up 8 Points from Previous Day

Uk Jin

Summary

The Virtual Asset Fear & Greed Index rose to 59 points, indicating an increase in market greed sentiment.
Bitcoin's price rose by 2.08% to $96,804, while most altcoins remained steady.
The Fear & Greed Index is a key indicator reflecting market sentiment, and changes in this index are important for investment strategy formulation.

According to the virtual asset (cryptocurrency) data provider Alternative on the 7th, the Virtual Asset Fear & Greed Index recorded 59 points, up 7 points from the previous day.

As of 9 a.m. today, Bitcoin (BTC) is trading at $96,804 on CoinMarketCap, up 2.08% from the previous day.

Most altcoins remained steady. At the same time, Ethereum (ETH) fell by 0.23%, while Ripple (XRP) rose by 0.64%. Additionally, Binance Coin (+0.65%), Solana (-0.31%), Dogecoin (+0.44%), Ada (+1.76%), and TRON (-1.09%) also showed a steady trend around 1%.

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 volume (10%).