Summary
- The crypto Fear and Greed Index recorded 29 points and remained in the 'Fear' phase.
- The index fell 5 points from the previous day, showing that investor sentiment is weakening.
- The index is calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, and Google search volume.
The virtual asset (cryptocurrency) Fear and Greed Index fell by 5 points compared to the previous day, showing a contraction in investor sentiment. The Fear and Greed Index is a market sentiment indicator where values near 0 indicate extreme fear and values near 100 indicate extreme greed.
On the 31st (local time), the Fear and Greed Index provided by virtual asset analytics firm Alternative is currently 29 out of 100, maintaining the 'Fear' phase. The index fell 5 points from the previous day (34 points), showing a slight decline in market mood.
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
