Summary
- The Crypto Fear & Greed Index was tallied at 65 points, indicating that the greed phase continues.
- Major cryptocurrencies, especially Bitcoin, rose by 0.11%, with other major altcoins such as Ethereum and XRP also displaying a mildly bullish trend.
- The Fear & Greed Index is an indicator reflecting market sentiment, calculated based on various factors such as volatility and trading volume.
According to Alternative, a cryptocurrency data provider, on the 28th (KST), the Crypto Fear & Greed Index recorded 65 points, the same as the previous day.
As of 9:02 a.m. that day, Bitcoin (BTC) is trading at $107,004 on CoinMarketCap, up 0.11% from the previous day.
Most altcoins also remained stable. At the same time, Ethereum (ETH) and XRP saw respective increases of 0.15% and 1.55%. In addition, Binance Coin (+0.53%), Solana (+2.02%), Tron (+0.85%), Dogecoin (+0.61%), and Cardano (+0.69%) also showed a slightly bullish trend.
The Fear & Greed Index is an indicator that expresses market sentiment—with values closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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