Crypto Fear and Greed Index records 70 points… up 10 points from previous day
Summary
- The Crypto Fear and Greed Index was reported to have recorded 70 points, up 10 points from the previous day.
- It reported that Bitcoin and major altcoins' prices mostly showed an uptrend.
- The Fear and Greed Index is a market sentiment indicator, and values closer to 100 indicate extreme greed.
On the 9th, according to crypto data provider Alternative.me, the Crypto Fear and Greed Index rose 10 points from the previous day to 70.
As of 9 a.m. that day, Bitcoin (BTC) was trading at 123,354 dollars on CoinMarketCap, up 1.55% from the previous day.
Most altcoins also showed strength. At the same time, Ethereum (ETH) and XRP (XRP) rose 1.71% and 0.87%, respectively. In addition, Solana(+3.98%), Dogecoin(+3.04%), Tron(+1.33%), Cardano(+2.90%) all rose. On the other hand, Binance Coin (BNB) was trading at 1,306 dollars, down 0.27% from the previous day.
The Fear and Greed Index is an indicator expressing market sentiment: values closer to 0 indicate extreme fear, and values closer 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%), etc.
Uk Jin
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