Cryptocurrency Fear & Greed Index records 38 points…fear phase continues

Source
Uk Jin

Summary

  • The crypto asset Fear & Greed Index remained at 38 points, continuing the fear phase.
  • It reported that Bitcoin and major altcoins were recording slight gains.
  • The index represents market sentiment and reflects various indicators such as volatility and trading volume.

According to crypto asset (cryptocurrency) data provider Alternative, on the 14th the crypto Fear & Greed Index recorded 38 points, the same as the previous day.

As of 9:00 a.m. that day, Bitcoin (BTC) was trading at $115,354 on CoinMarketCap, up 0.02% from the previous day.

Altcoins were mostly bullish. At the same time, Ethereum (ETH) and XRP (XRP) rose 2.24% and 2.97%, respectively. In addition, Solana (+5.98%), Dogecoin (+3.04%), and Cardano (+4.10%) also rose.

The Fear & Greed Index is an indicator expressing market sentiment; values closer to 0 indicate extreme fear, and values closer 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%).

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
What did you think of the article you just read?