Summary
- The Crypto Fear & Greed Index reportedly rose 1 point from the previous day to 48 points.
- Major Bitcoin and altcoin prices all showed a downward trend, with Ethereum and Solana, among others, recording significant declines.
- The Fear & Greed Index is a leading indicator reflecting market sentiment, and investors are advised to pay attention to psychological shifts.
According to Alternative, a cryptocurrency data provider, on the 26th (KST), the Crypto Fear & Greed Index recorded 48 points, up 1 point from the previous day.
As of 9:01 a.m., Bitcoin (BTC) was trading at $109,923 on CoinMarketCap, down 2.80% from the previous day.
Altcoins saw even greater declines. At the same time, Ethereum (ETH) and XRP fell by 8.39% and 5.48%, respectively. Binance Coin (-4.22%), Solana (-9.09%), Tron (-5.44%), Dogecoin (-9.56%), and Cardano (-7.85%) also showed weakness.
The Fear & Greed Index is an indicator that expresses market sentiment; the closer to 0, the more extreme the fear, and 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 cap dominance (10%), and Google search trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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