Crypto 'Fear & Greed Index' drops to 26, fear persists

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap registered 26 today, down two points from yesterday, indicating that the market remains in a state of 'Fear.' The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. 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 the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.