Summary
- The crypto Fear and Greed Index was at 52 points, maintaining a neutral stage.
- While Bitcoin rose 0.04%, altcoins overall showed a decline, including Ethereum, XRP, and Solana.
- The Fear and Greed Index is a key indicator reflecting market sentiment, calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, and Google search volume.
On the 16th, according to virtual asset (cryptocurrency) data provider Alternative, the crypto Fear and Greed Index recorded 52, down 1 point from the previous day.
As of 9 a.m. that day, Bitcoin (BTC) was trading at $115,423 on CoinMarketCap, up 0.04% from the previous day.
Altcoins fell. At the same time, Ethereum (ETH) and XRP (XRP) fell by 1.81% and 1.17%, respectively. In addition, Solana (-2.56%), Binance Coin (-0.79%), Dogecoin (-3.60%), TRON (-1.07%), Cardano (-2.86%) also showed weakness.
The Fear and Greed Index is an indicator reflecting market sentiment, where values close to 0 indicate extreme fear and 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
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