Summary
- The virtual asset Fear and Greed Index recorded 51 points, entering the neutral stage.
- Bitcoin and major altcoins such as Ethereum, XRP, Binance Coin, Solana, TRON, Dogecoin, Cardano were reported to be showing strength.
- The Fear and Greed Index is a major investment indicator representing market sentiment and is calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, and Google search volume.
On the 21st, according to cryptocurrency data provider Alternative, the virtual asset (cryptocurrency) Fear and Greed Index rose 11 points from the previous day to 51.
As of 9:00 AM that day, Bitcoin (BTC) was trading at $114,740 on CoinMarketCap, up 2.81% from the previous day.
Altcoins were also on the rise. At the same time, Ethereum (ETH) and XRP rose 5.52% and 2.02%, respectively. In addition, Binance Coin (+2.23%), Solana (+3.44%), TRON (+1.09%), Dogecoin (+5.19%), and Cardano (+4.58%) also showed strength.
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%), and Google search volume (10%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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