Summary
- The virtual asset Fear and Greed Index remained in the neutral phase at 50 points.
- Bitcoin (BTC) and major altcoins all showed weakness.
- The Fear and Greed Index is an indicator that represents market sentiment and is calculated by combining various factors.
On the 28th, according to virtual asset (cryptocurrency) data provider Alternative, the virtual asset Fear and Greed Index recorded 50 points, down 1 point from the previous day.
As of 9 a.m. that day, Bitcoin (BTC) was trading at $114,061 on CoinMarketCap, down 0.46% from the previous day.
Altcoins were also slightly weak. At the same time, Ethereum (ETH) and XRP fell 1.11% and 0.37%, respectively. In addition, Binance Coin (-0.09%), Solana (-0.52%), TRON (-0.63%), Dogecoin (-2.19%), and Cardano (-2.58%) also showed weakness.
The Fear and Greed Index is an indicator expressing market sentiment, with values closer to 0 indicating extreme fear and values closer to 100 indicating 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%).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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