Summary
- The Crypto Fear & Greed Index stands at 70 (Greed phase), but has dropped by 3 points compared to the previous day.
- The decline of the index indicates that speculative sentiment in the market has cooled somewhat.
- Bitcoin (BTC) is trading at $118,796, up 1.61% from 24 hours ago.
The Crypto (cryptocurrency) Fear & Greed Index dropped by 3 points compared to the previous day, signaling a cooling of speculative sentiment in the market. The Fear & Greed Index is an indicator of market sentiment, with values closer to 0 meaning extreme fear and values closer to 100 indicating extreme greed.
On the 16th (local time), the Fear & Greed Index provided by the cryptocurrency analytics firm Alternative stands at 70 out of 100 points, maintaining the 'greed' phase. The index fell by 3 points from the previous day's 73, suggesting a cooling of speculative sentiment in the market.
As of 6:48 PM, Bitcoin (BTC) on the Binance USDT market is trading at $118,796, up 1.61% from 24 hours ago.
The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google search volume (10%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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