Crypto Fear & Greed Index Records 62 Points... Some Altcoins Surge

According to the cryptocurrency data provider Alternative on the 12th, the Crypto Fear & Greed Index recorded 62 points, down 7 points from the previous day. While the leading cryptocurrency Bitcoin (BTC) is showing a sideways trend, some altcoins (cryptocurrencies other than Bitcoin) are on the rise.

As of 10:41 AM today, Bitcoin (BTC) is trading at $94,381 on CoinMarketCap, down 0.01% from the previous day.

On the other hand, many altcoins have risen. At the same time, Ethereum (ETH) rose 1.09% from the previous day, while Ripple and Binance Coin each rose 7.00% and 0.83%. Additionally, Solana (+0.17%), Dogecoin (+1.80%), and Ada (+10.59%) also recorded gains. However, TRON (TRX) fell 1.23% from the previous day.

The Fear & Greed Index is an indicator that expresses market sentiment, calculated based on factors such as volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).