Summary
- The Cryptocurrency Fear & Greed Index has been reported to maintain the greed phase at 71 points.
- While Bitcoin declined slightly, major altcoins showed an overall uptrend.
- The index reflects market sentiment and is calculated based on various factors such as volatility, trading volume, and social media.
According to Alternative on the 21st (KST), the Cryptocurrency (Crypto) Fear & Greed Index remained at 71 points, the same as the previous day.
As of 9:02 AM that day, Bitcoin (BTC) was trading at $117,214, down 0.57% compared to the previous day.
In contrast, altcoins showed strength during trading hours. Ethereum (ETH) and XRP each rose by 4.50% and 0.77%. Other altcoins such as Binance Coin (+3.34%), Solana (+2.46%), ADA (+3.35%), and Dogecoin (+13.91%) also posted gains. However, TRON dropped by 1.20% from the previous day.
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 index is calculated based on criteria such as volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market share (10%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
