Summary
- The crypto Fear and Greed Index recorded 27 points, entering the 'Fear' phase.
- The index is an indicator of market sentiment; a lower score indicates that investor sentiment is subdued.
- It rose slightly from the previous day, showing that market sentiment has somewhat improved.
The cryptoasset (cryptocurrency) Fear and Greed Index rose 2 points from the previous day, showing an improvement in investor sentiment. The Fear and Greed Index is an indicator of market sentiment; the closer it is to 0, the more extreme the fear, and the closer it is to 100, the more extreme the greed.
On the 23rd (local time), the Fear and Greed Index provided by cryptoasset analytics firm Alternative is currently 27 out of 100, entering the 'Fear' phase. The index rose 2 points from the previous day (25 points), showing a slight improvement in market sentiment.
The Fear and Greed 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%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
