Crypto Fear and Greed Index records 48 points… remains at neutral level
Summary
- The crypto fear·greed index remained at 48 points, maintaining a neutral level.
- Bitcoin and major altcoins showed an upward trend, but some coins showed weakness.
- The index is an indicator that reflects market sentiment and should be referenced when making investment decisions.
According to virtual asset (cryptocurrency) data provider Alternative, the crypto fear and greed index recorded 48 points, down 3 points from the previous day.
As of 9 a.m. that day, Bitcoin (BTC) was trading at $112,056 on CoinMarketCap, up 0.84% from the previous day.
Altcoins also showed strength. At the same time, XRP (XRP) and Solana (SOL) rose 3.19% and 3.73%, respectively. In addition, Dogecoin (+5.84%) and Cardano (+3.60%) also rose compared with the previous day. However, Binance Coin (BNB) and TRON (TRX) were weak.
The fear and greed index is an indicator that expresses market sentiment; values close to 0 indicate extreme fear, while values close to 100 indicate extreme greed. The indicator is calculated based on volatility (25%), 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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