Summary
- The crypto assets fear and greed index jumped 13 points to 50.
- Bitcoin (BTC) fell 2.25% while major altcoins showed gains.
- The fear and greed index is regarded as a key indicator reflecting market investor sentiment.
According to crypto asset (cryptocurrency) data provider Alternative, the crypto assets' fear and greed index rose 13 points from the previous day to 50.
As of 9 a.m. that day, Bitcoin (BTC) was at $112,165 on CoinMarketCap, down 2.25% from the previous day.
Altcoins also strengthened. At the same time, Ethereum (ETH) and XRP (XRP) rose 2.96% and 2.05% respectively. In addition, Binance Coin (+2.62%), Solana (+3.49%), Dogecoin (+2.74%), and Cardano (+3.41%) also rebounded.
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 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%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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