Summary
- The Crypto Fear & Greed Index rose to 47 points, shifting back to the neutral zone from fear.
- It was reported that all major cryptocurrencies within the top 10 by market capitalization, such as Bitcoin, Ethereum, and XRP, experienced a decline.
- The Fear & Greed Index is a key indicator reflecting market sentiment, calculated based on volatility, trading volume, social media, survey results, Bitcoin market dominance, and Google search volume.
On the 23rd, according to the cryptocurrency data provider Alternative, the Crypto Fear & Greed Index recorded 47 points, up 5 points from the previous day.
As of 9:02 a.m. on this day, Bitcoin (BTC) is trading at $108,04 on CoinMarketCap, down 1.38% from the previous day.
Most altcoins were also weak. At the same time, Ethereum (ETH) and XRP declined by 3.32% and 2.35%, respectively. In addition, other major cryptocurrencies among the top 10 by market capitalization—Binance Coin (-2.10%), Solana (-3.04%), Tron (-2.57%), Dogecoin (-2.39%), and Cardano (-2.82%)—all fell.
The Fear & 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. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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