Crypto 'Fear & Greed Index' falls to 31, down 4 points

The Crypto Fear & Greed Index from data provider CoinMarketCap has dropped four points from yesterday to 31, keeping the market in a state of fear. The index measures sentiment on a scale where 0 signifies extreme fear and 100 indicates extreme optimism. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data like the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.