Crypto Fear & Greed Index Scores 70 Points, Down 1 Point from Previous Day

Source
Uk Jin

Summary

  • The Crypto Fear & Greed Index recorded 70 points, down 1 point from the previous day.
  • Bitcoin's price rose 0.62% to $106,735, while some altcoins showed mixed trends.
  • This index reflects market sentiment and is calculated based on volatility, trading volume, social media, etc.

According to the cryptocurrency data provider Alternative on the 21st, the Crypto Fear & Greed Index scored 70 points, down 1 point from the previous day.

As of 9:15 a.m. today, Bitcoin (BTC) is trading at $106,735 on CoinMarketCap, up 0.62% from the previous day.

Altcoins showed mixed trends. Ethereum (ETH) fell by 0.40%. Ripple (XRP) and Binance Coin also showed declines of 1.44% and 0.04%, respectively. On the other hand, Solana, Dogecoin, Cardano, and Tron showed slight gains of 0.25%, 0.29%, 0.08%, and 0.85%, respectively.

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%).

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
What did you think of the article you just read?