Summary
- Reported that the crypto Fear & Greed Index fell to 46 points, entering the fear phase.
- Said that major crypto assets such as Bitcoin, Ethereum, and XRP were mostly showing declines.
- Stated that the Fear & Greed Index is a key indicator reflecting market sentiment volatility.
According to crypto asset (cryptocurrency) data provider Alternative, the crypto Fear & Greed Index recorded 46, down 2 points from the previous day.
As of 9:35 AM that day, Bitcoin (BTC) was trading at $107,791 on CoinMarketCap, down 1.07% from the previous day.
Altcoins were also weak. At the same time, Ethereum (ETH) and XRP (XRP) fell 0.64% and 2.72%, respectively. Binance Coin (-0.48%), Solana (-2.41%), TRON (-0.03%), Dogecoin (-2.35%), Cardano (-2.53%) also fell from the previous day.
The Fear & Greed Index is an indicator expressing market sentiment: values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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