Virtual Asset Fear & Greed Index at 74 Points…Remains in 'Greed' Phase

The Virtual Asset (cryptocurrency) Fear & Greed Index rose by 2 points compared to the previous day, showing signs of investor sentiment recovery. The Fear & Greed Index is an indicator reflecting market psychology; the closer to 0, the more extreme the fear, and the closer to 100, the more extreme the greed.

On the 23rd (local time), the Fear & Greed Index provided by the virtual asset analysis firm Alternative is currently at 74 out of a possible 100 points, maintaining the 'Greed' phase. The index increased by 2 points from the previous day’s score of 72, indicating a recovery in market sentiment.

As of 9:10 AM, based on the Binance USDT market, Bitcoin (BTC) is trading at $118,879, up 0.88% 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 cap dominance (10%), and Google search volume (10%).