Summary
- The virtual asset Fear & Greed Index dropped by 5 points to 74, indicating that the speculative frenzy is subsiding.
- The index entered the 'greed' stage with a score of 74 out of 100, falling from the previous day's 'extreme greed' level.
- According to an analysis firm, Bitcoin (BTC) is trading at $117,357, down 0.22% from 24 hours ago.
The virtual asset (cryptocurrency) Fear & Greed Index fell by 5 points compared to the previous day, indicating that the speculative frenzy is subsiding. The Fear & Greed Index is an indicator that reflects market sentiment: the closer the value is to 0, the greater the fear; the closer it is to 100, the greater the greed.
On the 13th (local time), the Fear & Greed Index provided by the virtual asset analysis firm Alternative currently stands at 74 out of 100, entering the 'greed' stage. The index dropped by 5 points from the previous day's 'extreme greed' level (79 points), hinting that market speculation is calming down.
As of 10:18 AM, Bitcoin (BTC) on the Binance USDT market is trading at $117,357, down 0.22% from 24 hours ago.
The Fear & Greed Index is calculated based on factors such as volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market capitalization dominance (10%), and Google search trends (10%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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