Virtual Asset Market Shrinks Due to Tariff Letter... Fear & Greed Index Drops 8 Points from Previous Day
Summary
- The virtual asset Fear & Greed Index dropped 8 points from the previous day to 65, indicating weakened investor sentiment.
- It was reported that the US President's tariff negotiation letter led to a decline in the prices of Bitcoin and major altcoins.
- The Fear & Greed Index is a key indicator reflecting market sentiment, and investors are advised to pay close attention to its fluctuations.
According to the global cryptocurrency data provider Alternative on the 8th (Korea time), the Fear & Greed Index for virtual assets recorded 65 points, down 8 points from the previous day, maintaining the 'Greed' phase.
Overnight, US President Donald Trump sent a tariff negotiation letter to major trading partners, seemingly dampening investor sentiment.
Bitcoin (BTC), as of 9:00 a.m. on this day, was down 0.86% from the previous day, trading at $108,207.
Major altcoins also declined. At the same time, Ethereum (ETH) and XRP fell by 1.14% and 0.07%, respectively. Binance Coin (-0.33%), Solana (-2.01%), Tron (-0.14%), Dogecoin (-2.39%), and Cardano (-0.94%) also showed weakness.
The Fear & Greed Index is an indicator that reflects 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 cap share (10%), and Google search volume (10%).
Uk Jin
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