Summary
- The virtual asset fear and greed index fell to 45 points and entered the 'Fear' stage.
- It dropped 4 points from the previous day, indicating a decline in investor sentiment and a depressed market atmosphere.
- The index is based on volatility, trading volume, Bitcoin market cap dominance, and other factors.
The virtual asset (cryptocurrency) fear and greed index fell 4 points from the previous day, showing a decline in investor sentiment. The fear and greed index is an indicator expressing market sentiment; values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed.
On the 22nd (local time), the fear and greed index provided by virtual asset analytics firm Alternative stood at 45 out of 100 and entered the 'Fear' stage. The index dropped 4 points from the previous day (49 points), reflecting a depressed market mood.
The fear and greed index is calculated based on volatility(25%), trading volume(25%), social media(15%), surveys(15%), Bitcoin market cap dominance(10%), Google search volume(10%), and other factors.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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