Summary
- The crypto Fear & Greed Index fell to 44, entering the fear zone.
- While Bitcoin and major altcoins fell across the board, Binance Coin (BNB) rose.
- The Fear & Greed Index reflects market sentiment and is calculated based on various factors such as volatility, trading volume, and social media.
On the 7th, according to crypto data provider Alternative.me, the crypto Fear & Greed Index recorded 44, down 4 points from the previous day.
As of 9:15 a.m. that day, Bitcoin (BTC) was trading at 110,272 dollars on CoinMarketCap, down 0.30% from the previous day.
Altcoins were weaker. At the same time, Ethereum (ETH) and XRP (XRP) fell 0.63% and 0.09%, respectively. In addition, Solana (-1.55%), Dogecoin (-0.88%), TRON (-4.96%), and Cardano (-1.35%) were down from the previous day. Meanwhile, Binance Coin (BNB) rose 1.44%.
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 trends (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)