Summary
- The virtual asset Fear & Greed Index posted a score of 68, indicating that it remains in the greed phase.
- Bitcoin price rose 1.11% to $106,699, while major assets showed mixed trends.
- The index is computed using various metrics such as volatility, trading volume, and social media activity.
According to Alternative, a virtual asset (cryptocurrency) data provider, on the 17th, the Fear & Greed Index for virtual assets recorded 68 points, up 7 points from the previous day.
As of 9:01 AM, Bitcoin (BTC) was trading at $106,699 on CoinMarketCap, up 1.11% from the previous day.
Ethereum (ETH) fell by 0.34%, while XRP rose by 3.16%. Binance Coin (+0.41%), Solana (-1.48%), TRON (+0.10%), Dogecoin (-1.79%), and Cardano (-0.67%) all showed mixed trends.
The Fear & Greed Index is an indicator that reflects market sentiment—closer to 0 indicates extreme fear, while closer to 100 shows extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google searches (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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