Virtual Asset Fear & Greed Index Rises by 10 Points Compared to Previous Day…Returns to Fear Stage
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- It was reported that the virtual asset Fear & Greed Index rose by 10 points compared to the previous day, returning to the fear stage.
- Bitcoin (BTC) rose by 5.12% to record $82,811.
- Most altcoins also showed strength, continuing their upward trend.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
According to the virtual asset (cryptocurrency) data provider Alternative on the 12th, the virtual asset Fear & Greed Index recorded 34 points, up 10 points from the previous day.
As of 9:13 AM, Bitcoin (BTC) is trading at $82,811 on CoinMarketCap, up 5.12% from the previous day.
Most altcoins are also strong. At the same time, Ethereum rose by 2.79%, while XRP and Solana increased by 8.40% and 6.46%, respectively. Additionally, Binance Coin (+3.86%), ADA (+7.92%), and Dogecoin (+12.46%) also rose compared to the previous day.
The Fear & Greed Index is an indicator that expresses market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search trends (10%).
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