Virtual Asset Fear & Greed Index at 60 Points... Maintains 'Greed' Level

Son Min

Summary

The Virtual Asset Fear & Greed Index was reported to remain at 60 points, sustaining the 'Greed' stage.
It has dropped by 4 points compared to the previous day, showing signs that speculative sentiment in the market is calming down.
The price of Bitcoin has fallen by 2.67%, and the index reflects a range of market sentiment factors such as volatility, trading volume, and social media.

The Fear & Greed Index for virtual assets (cryptocurrencies) fell by 4 points compared to the previous day, indicating a cooling of speculative sentiment. 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.

On the 18th (local time), the Fear & Greed Index provided by the virtual asset analytics firm Alternative currently stands at 60 out of 100, maintaining the 'Greed' stage. The index dropped by 4 points from the prior day's 64, suggesting the market's speculative sentiment is easing.

As of 7:37 AM, according to the Binance USDT market, Bitcoin (BTC) is trading at $115,148, down 2.67% from 24 hours earlier.

The Fear & Greed Index is calculated based on various factors: volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and Google search volume (10%).

BTC