Crypto 'Fear & Greed Index' 63...Greed continues, Altcoin Season Index 45...Same as the previous day
The 'Fear & Greed Index' of cryptocurrency data provider Alternative rose by two points from the previous day to 63. The greed stage was maintained. The closer the index is to 0, the more extreme the fear in the market, and the closer it is to 100, the more extreme the optimism. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap share (10%), and Google search volume (10%).
Meanwhile, the Altcoin Season Index of the virtual asset comprehensive information platform CoinMarketCap was 45, the same as the previous day. The Altcoin Season Index is calculated by comparing the price volatility between the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) and Bitcoin. If the rate of increase of 75% of the top 100 coins is higher than the rate of increase of Bitcoin over the past 90 days, it is determined to be an altcoin season, and vice versa, it is determined to be a Bitcoin season. The closer it is to 100, the more likely it is to be an altcoin season.