Summary
- The Crypto Fear & Greed Index rose by 7 points from the previous day to 73 points, maintaining the 'Greed' stage.
- It was noted that major altcoins, including Bitcoin (BTC), are showing an overall upward trend.
- The Fear & Greed Index is a measure of market sentiment, calculated based on volatility, trading volume, and social media, among other factors.
According to Alternative, a cryptocurrency data provider, on the 7th (Korean time), the Crypto Fear & Greed Index recorded 73 points, up 7 points from the previous day, maintaining the 'Greed' stage.
Bitcoin (BTC) is currently trading at $109,205 as of 9 a.m. today, up 0.89% from the previous day.
Major altcoins also rose. At the same time, Ethereum (ETH) and XRP increased by 2.12% and 2.41%, respectively. Additionally, Binance Coin (+1.06%), Solana (+2.90%), Tron (+1.36%), Dogecoin (+4.70%), and Cardano (+1.78%) also recorded gains.
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 indicator is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), bitcoin market dominance (10%), and Google search trends (10%).
Uk Jin
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