Crypto Fear & Greed Index stands at 28, signaling continued fear

The Crypto Fear & Greed Index from data provider CoinMarketCap is currently at 28, indicating that the market remains in a state of 'Fear.' The index measures sentiment on a scale where 0 represents extreme fear and 100 signifies extreme optimism. CoinMarketCap calculates its index based on factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data such as the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data.