'Frozen Investor Sentiment'... Crypto Fear & Greed Index Enters Fear Stage

According to the cryptocurrency data provider Alternative on the 3rd, the Crypto Fear & Greed Index recorded 44 points, down 16 points from the previous day.

As of 9:07 a.m. today, Bitcoin (BTC) is trading at $97,539 on CoinMarketCap, down 3.01% from the previous day.

Altcoins are also on a downward trend. At the same time, Ethereum (ETH) fell by 8.19%, while Ripple (XRP) and Solana (SOL) dropped by 11.92% and 4.86%, respectively. Additionally, Binance Coin (BNB), Dogecoin (DOGE), Cardano (ADA), and Tron (TRX) also saw significant declines of 5.68%, 14%, 11.65%, and 8.14%, respectively.

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 dominance (10%), and Google Trends (10%).