Virtual asset Fear & Greed Index records 44 points… 'Fear' phase continues
Summary
- The virtual asset Fear & Greed Index was reported to have remained in the 'Fear' phase at 44 points.
- The index rose 1 point from the previous day, indicating a slight recovery in market investor sentiment.
- The index is calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, and Google search volume.
The virtual asset (cryptocurrency) Fear & Greed Index rose by 1 point compared to the previous day, showing signs of recovering investor sentiment. The Fear & Greed Index is an indicator of market sentiment: values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed.
On the 24th (local time), the Fear & Greed Index provided by crypto analytics firm Alternative stood at 44 out of 100, remaining in the 'Fear' phase. The index rose 1 point from the previous day (43 points), showing a slight improvement in market sentiment.
The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
