Summary
- It was reported that the Virtual Asset Fear & Greed Index recorded 56 points, down 4 points from the previous day.
- At that time, the prices of key altcoins, including Bitcoin, were all on a downward trend.
- The Fear & Greed Index represents investor sentiment by combining various indicators such as market volatility, trading volume, and social media.
According to the virtual asset (cryptocurrency) data provider Alternative on the 19th, the Virtual Asset Fear & Greed Index recorded 56 points, a decrease of 4 points compared to the previous day.
As of 9:03 a.m. on this day, Bitcoin (BTC) was trading at $116,334 on CoinMarketCap, down 0.97% from the previous day.
Altcoins also showed weakness. At the same time, Ethereum (ETH) and XRP had dropped by 3.59% and 0.85% respectively. Binance Coin (-0.96%), Solana (-4.19%), Dogecoin (-5.06%), TRON (-0.77%), and ADA (-4.04%) were also all down from the previous day.
The Fear & Greed Index is an indicator that reflects market sentiment; the closer to 0, the more extreme fear, and the closer to 100, the more extreme greed. This indicator 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
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