Crypto Fear & Greed Index Scores 61…Up 1 Point from Previous Day

Uk Jin

Summary

The Crypto Fear & Greed Index was reported at 61 points, up 1 point from the previous day.
It was reported that the prices of major cryptocurrencies such as Bitcoin, Ethereum, and XRP showed an upward trend.
Solana recorded a 5.26% increase, marking the highest rise among major cryptocurrencies.

According to Alternative, a cryptocurrency (virtual asset) data provider, the Crypto Fear & Greed Index recorded 61 points on the 16th (KST), up 1 point from the previous day.

As of 9:11 AM on this day, Bitcoin (BTC) was trading at $105,512 on CoinMarketCap, a 0.15% increase from the previous day.

Altcoins also showed a slightly bullish trend. At the same time, Ethereum (ETH) rose 0.43%, and XRP was up 0.95%. This was followed by Binance Coin (+0.37%), Cardano (+1.24%), and TRON (+1.36%), which all saw small increases from the previous day. Meanwhile, Solana (SOL) posted the highest rise among major cryptocurrencies, up 5.26% from the previous day, while Dogecoin (DOGE) was the only one to drop, falling 1.54% from the previous day.

The Fear & Greed Index is an indicator reflecting market sentiment: the closer to 0, the more extreme the fear; the closer to 100, the greater the greed. The indicator is calculated based on factors including volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google search trends (10%).