Crypto 'Fear & Greed Index' hits 40, shifts to neutral

The Crypto Fear & Greed Index, calculated by data provider CoinMarketCap, has risen one point from yesterday to 40, moving from the 'Fear' to the 'Neutral' category. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 signifies extreme optimism. CoinMarketCap's index is based on several factors, including price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.