Crypto Fear & Greed Index records 56 points…returns to greed stage

Uk Jin

Summary

The crypto Fear & Greed Index has entered the greed stage again, recording 56 points, an increase of 6 points from the previous day.
Bitcoin (BTC) recorded a 0.31% increase to $104,485, while major altcoins showed mixed trends.
The Fear & Greed Index is described as an indicator that gauges market sentiment and can influence investor participation in the market.

According to Alternative, a crypto (cryptocurrency) data provider, the Crypto Fear & Greed Index recorded 56 points, up 6 points from the previous day on the 1st (Korea time).

As of 9:40 AM on this day, Bitcoin (BTC) was recorded at $104,485 on CoinMarketCap, up 0.31% from the previous day.

Altcoins showed mixed trends. At the same time, Ethereum (ETH) recorded a decrease of 0.47%, while XRP rose 1.36% from the previous day. Additionally, Binance Coin (+0.39%), Solana (-0.54%), Dogecoin (-0.42%), Tron (+0.05%), and Cardano (-0.24%) all fluctuated within about 1%.

The Fear & Greed Index is an indicator that reflects market sentiment: the closer to 0, the more extreme the fear; the closer to 100, the more extreme the greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin’s market cap dominance (10%), and Google search volume (10%).