Crypto Fear & Greed Index drops to 23, remains in fear territory

The Crypto Fear & Greed Index from data provider CoinMarketCap has dropped two points from yesterday to 23, continuing its Fear reading. The index indicates extreme market fear as it approaches 0 and extreme optimism as it nears 100. 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 such as put-call ratios, the Stablecoin Supply Ratio (SSR), and the company's own search data.