Summary
- The Crypto Fear & Greed Index reported a score of 70, maintaining the greed stage.
- The prices of major cryptocurrencies, including Bitcoin, are generally showing a bearish trend.
- The index is calculated based on various indicators such as volatility and trading volume.
According to the cryptocurrency data provider Alternative on the 12th, the Crypto Fear & Greed Index recorded 70 points, maintaining the greed stage, the same as the previous day.
As of 9 a.m. that day, Bitcoin (BTC) is trading at $104,351 on CoinMarketCap, down 0.30% from the previous day.
Most altcoins showed a bearish trend. At the same time, Ethereum (ETH) fell by 2.13%, and Ripple (XRP) dropped by 3.84%. Additionally, Binance Coin (-2.14%), Solana (-2.24%), Dogecoin (-9.13%), Cardano (-3.71%), and Tron (-0.44%) also fell 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%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
