Summary
- The Crypto Fear & Greed Index remains in the greed phase at 73 points.
- While Bitcoin and major altcoins all showed a decline, only Tron recorded a slight increase.
- The Fear & Greed Index reflects market sentiment, and investors are advised to consider various factors such as volatility.
According to Alternative.me on the 29th (Korea time), the Crypto Fear & Greed Index recorded 73 points, down 2 points from the previous day.
As of 9:01 AM, Bitcoin (BTC) is trading at $118,009, down 1.19% from the previous day.
Altcoins also showed a weak trend. Ethereum (ETH) fell 1.97%, and XRP fell 3.55%. Binance Coin (-2.39%), Solana (-3.03%), Cardano (-4.77%), and Dogecoin (-6.19%) also showed a decline. However, Tron rose 0.69% from the previous day.
The Fear & Greed Index is an indicator that expresses market sentiment. Closer to 0 represents extreme fear, while closer to 100 signals extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
