Crypto Fear & Greed Index records 73 points... 10 points higher than the previous day

Heecheol Yang

Summary

Bitcoin was quoted at $109,032, with the Fear & Greed Index rising by 10 points from the previous day to 73, maintaining the 'Greed' stage.
Major altcoins also showed an upward trend, with Ethereum up 6.77%, Solana up 3.16%, and XRP up 2.23%.
The Fear & Greed Index is calculated based on various indicators such as market sentiment volatility, trading volume, and Bitcoin dominance.

Bitcoin (BTC) surpassed $109,000, with the Crypto Fear & Greed Index rising by 10 points compared to the previous day.

On the 3rd (KST), according to cryptocurrency data provider Alternative.me, the Crypto Fear & Greed Index recorded 73 points—an increase of 10 points from the previous day—maintaining the 'Greed' stage.

In particular, Bitcoin surged up to $109,600, positively influencing investor sentiment. As of 9:50 a.m., Bitcoin is trading at $109,032, up 3.38% compared to 24 hours ago on Binance Tether (USDT) market.

Major altcoins also saw increases. At the same time, Ethereum (ETH) jumped 6.77%, while Solana (SOL) and XRP were up 3.16% and 2.23%, respectively. TRON (TRX) and Binance Coin (BNB) each recorded gains in the 2% range.

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. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and Google search volume (10%).