Crypto Fear & Greed Index hits 16, extreme fear persists

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap has registered 16, down one point from yesterday, keeping the market in a state of extreme fear. The index indicates extreme fear as it approaches 0 and extreme optimism as it nears 100. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.