Summary
- The Crypto Fear & Greed Index rose 3 points from the previous day to 49, recovering to the neutral stage.
- At the same time, Bitcoin rose slightly while major altcoins such as Ethereum and XRP all showed declines.
- The index is derived from various factors including volatility, trading volume, and social media, and is described as an important gauge of investor sentiment.
According to virtual asset (cryptocurrency) data provider Alternative.me, the Crypto Fear & Greed Index rose 3 points from the previous day to 49.
As of 9:06 AM, Bitcoin (BTC) is trading on CoinMarketCap at $109,117, up 0.80% from the previous day.
Meanwhile, altcoins were weak. At the same time, Ethereum (ETH) and XRP were down 1.80% and 0.15% respectively from the previous day. In addition, Binance Coin (-1.36%), Solana (-1.46%), Dogecoin (-1.19%), TRON (-1.08%), ADA (-0.89%) also fell from the previous day.
The Fear & Greed Index is an indicator of market sentiment: the closer to 0, the more extreme the fear; the closer to 100, the more extreme the greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), Google search volume (10%), etc.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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