Virtual Asset Fear and Greed Index records 62 points... Stage of greed maintained

Uk Jin

Summary

The virtual asset Fear and Greed Index was reported at 62 points, indicating that the greed stage continues.
Bitcoin (BTC) rose slightly, while major altcoins showed mixed performance.
The index is calculated by reflecting factors such as volatility, trading volume, social media, survey results, Bitcoin market capitalization share, and Google search volume.

According to Alternative, a virtual asset (cryptocurrency) data provider, on the 9th (KST), the Fear and Greed Index for virtual assets recorded 62 points, unchanged from the previous day.

As of 9:04 AM, Bitcoin (BTC) is trading at $105,794 on CoinMarketCap, up 0.14% from the previous day.

Altcoins showed mixed trends. At the same time, Ethereum (ETH) fell by 0.56%, whereas XRP rose by 4.08%. Additionally, Binance Coin (+0.23%), Solana (+1.71%), and ADA (+0.90%) increased, while Dogecoin (-0.26%) and TRON (-1.75%) declined.

The Fear and Greed Index is an indicator representing market sentiment: the closer to 0, the more extreme the fear; the closer to 100, the more extreme the greed. This index is calculated based on factors such as volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap share (10%), and Google search volume (10%).