Crypto 'Fear & Greed Index' hits 55, up 2 points

CoinMarketCap's Crypto Fear & Greed Index stands at 55, up two points from yesterday. The market sentiment remains in the neutral phase. The index measures market sentiment on a scale of 0 (extreme fear) to 100 (extreme optimism). It is calculated based on price movements of the top 10 cryptocurrencies, market volatility, derivatives data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and CoinMarketCap's proprietary search data. Note: We have changed our data source for the Fear & Greed Index from Alternative.me to CoinMarketCap, as we believe the latter's data more sensitively reflects current market conditions.