Summary
- The crypto Fear & Greed Index rose by 2 points from the previous day, recording 75 points.
- It was reported that Bitcoin and major altcoins all showed an upward trend on this day.
- The Fear & Greed Index evaluates market sentiment based on a variety of factors such as volatility, trading volume, and social media.
According to Alternative on the 28th (KST), the cryptocurrency (crypto asset) Fear & Greed Index stood at 75 points, up 2 points from the previous day.
As of 9:01 AM that day, Bitcoin (BTC) is trading at $119,434, up 1.22% from the previous day.
Altcoins also rebounded. Ethereum (ETH) rose by 3.34%, and XRP increased by 2.18%. In addition, Binance Coin (+6.37%), Solana (+2.03%), Cardano (+1.47%), Dogecoin (+2.23%), and others also showed strength. However, TRON fell by 0.04% compared to the previous day.
The Fear & Greed Index is an indicator representing market sentiment: values closer to 0 indicate extreme fear, whereas values closer to 100 indicate extreme greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google search trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
