 ▲ Source: Alternative |
The price of cryptocurrency leader Bitcoin (BTC) has fallen by about % over the past week, falling to the $63,000 level as of the 24th (Korean time).
According to CoinMarketCap, Bitcoin is trading at $63,165 as of 9:04 am on this day, down 5.21% from a week ago.
Investment sentiment is also worsening.
According to Cryptocurrency data provider Alternative's self-estimated 'Fear and Greed Index', the index recorded 51, down 4 points from the previous day and 20 points from last week. As the pitching got worse, it went from the ‘greed’ stage to the ‘neutral’ stage.
The closer the index is to 0, the more extreme market fear it is, and the closer it is to 100, the more extreme optimism it is. The fear and greed index is based on volatility (25%), transaction volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market capitalization weight (10%), and Google search volume (10%). It is calculated as
