Summary
- The virtual asset Fear & Greed Index recorded 70 points, maintaining the 'Greed' phase.
- The index fell by 1 point from the previous day, showing a slight contraction in investor sentiment.
- The index is calculated by aggregating various indicators such as volatility, trading volume, social media, surveys, Bitcoin market cap dominance, Google search volume.
The Fear & Greed Index for virtual assets (cryptocurrencies) fell by 1 point from the previous day, showing a reduction in investor sentiment. The Fear & Greed Index is an indicator of market sentiment, where values closer to 0 indicate extreme fear and values closer to 100 indicate extreme greed.
On the 7th (local time), the Fear & Greed Index provided by virtual asset analytics firm Alternative currently stands at 70 out of 100, maintaining the 'Greed' phase. The index fell by 1 point from the previous day (71 points), indicating a slight contraction in market mood.
The Fear & 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
