Virtual asset Fear & Greed Index records 51 points… up 7 points from the previous day

On the 8th, according to Alternative, a virtual asset (cryptocurrency) data provider, the virtual asset Fear & Greed Index recorded 51 points, rising 7 points from the previous day.

As of 9 a.m. that day, Bitcoin (BTC) was trading at $111,146 on CoinMarketCap, up 0.84% from the previous day.

Altcoins also showed strength. At the same time, Ethereum (ETH) and XRP rose 0.73% and 2.38%, respectively. In addition, Binance Coin (+2.15%), Solana (+3.07%), Dogecoin (+5.86%), TRON (+5.22%), and Cardano (+2.01%) also increased compared with the previous day.

The Fear & Greed Index is an indicator expressing market sentiment: the closer to 0, the extreme fear; the closer to 100, the extreme greed. The indicator is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).