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

The Crypto Fear & Greed Index from data provider CoinMarketCap stands at 28, unchanged from yesterday, indicating that the market remains in a state of fear. The index operates on a scale where 0 signifies extreme fear and 100 indicates extreme optimism. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.