Summary
- The crypto asset Fear & Greed Index recorded 60 points and remained in the Greed phase.
- Bitcoin and major altcoins all showed downward trends, but Binance Coin alone surged 7.28%.
- The Fear & Greed Index is an indicator of market sentiment, and should be referenced when investing.
On the 8th, according to Alternative, a provider of virtual asset (cryptocurrency) data, the crypto asset Fear & Greed Index fell 10 points from the previous day to register 60.
As of 9:00 AM that day, Bitcoin (BTC) was trading on CoinMarketCap at 2.64% lower than the previous day at 121,259 dollars.
Most altcoins were also weak. At the same time, Ethereum (ETH) and XRP (XRP) fell by 5.043% and 4.45%, respectively. In addition, Solana (-4.98%), Dogecoin (-7.04%), Tron (-2.33%), Cardano (-5.90%) all fell. Meanwhile, Binance Coin surged 7.28% from the previous day to 1,311 dollars, continuing its upward trend.
The Fear & Greed Index is an indicator expressing 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%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), Google search volume (10%), and others.
Uk Jin
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