Summary
- The crypto asset Fear and Greed Index recorded 53 points and returned to the neutral stage.
- Bitcoin and major altcoins showed slight declines.
- It reported that the Fear and Greed Index is calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, and Google search volume.
According to Alternative, a crypto asset (cryptocurrency) data provider, the crypto assets Fear and Greed Index recorded 53 points, down 2 points from the previous day.
As of 9 a.m. that day, Bitcoin (BTC) was trading on CoinMarketCap at 115,274 dollars, down 0.47% from the previous day.
Altcoins also slowed. At the same time, Ethereum (ETH) and XRP fell 1.29% and 2.86%, respectively. In addition, Solana (-0.91%), Binance Coin (-0.72%), Dogecoin (-3.74%), TRON (-0.33%), Cardano (-4.40%) also showed weakness.
The Fear and 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%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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