Crypto 'Fear & Greed Index' at 39, remains in fear territory

The 'Fear & Greed Index' from cryptocurrency data provider CoinMarketCap is currently at 39, indicating a continued state of fear in the market. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme optimism. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.