Crypto Fear & Greed Index Records 70 Points, Same as Previous Day

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Uk Jin

Summary

  • The Crypto Fear & Greed Index maintained a score of 70 points, indicating a state of greed in the market.
  • Bitcoin fell by 1.55%, while altcoins showed varied movements.
  • This indicator of market sentiment is measured based on volatility, trading volume, and social media.

According to the cryptocurrency data provider Alternative on the 13th, the Crypto Fear & Greed Index recorded 70 points, the same as the previous day.

As of 9 a.m. that day, Bitcoin (BTC) was trading at $102,638 on CoinMarketCap, down 1.55% from the previous day.

Altcoins showed mixed trends. At the same time, Ethereum (ETH) fell by 1.21%, while Ripple (XRP) rose by 6.67%. Additionally, Binance Coin (+1.30%), Solana (+0.01%), Dogecoin (-1.36%), Cardano (+0.92%), and Tron (+2.38%) showed various movements.

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%).

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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