Crypto Fear & Greed Index holds at 17, signaling extreme fear

CoinMarketCap's proprietary Fear & Greed Index rose one point from yesterday to 17, keeping the market in a state of extreme fear. The index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme optimism). CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives data like the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data.