Summary
- As of the 5th (KST), the Crypto Fear & Greed Index was reported at 60 points, a drop of 4 points compared to the previous day.
- Bitcoin is maintaining a sideways trend, while Ethereum and major altcoins have shown strength.
- The Fear & Greed Index is a key indicator for gauging market sentiment and is calculated based on various factors.
According to Alternative.me on the 5th (KST), the cryptocurrency Fear & Greed Index recorded 60 points, down 4 points from the previous day.
As of 9:01 am today, Bitcoin (BTC) stands at $115,054, up 0.67% from the previous day.
Altcoins succeeded in rebounding. Ethereum (ETH) rose 6.28%, and XRP jumped 4.18%. Binance Coin (+2.30%), Solana (+4.64%), Cardano (+3.82%), Dogecoin (+5.82%), and Tron (+1.62%) also showed strong performances.
The Fear & Greed Index is an indicator that expresses 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 volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market dominance (10%), and Google search interest (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
