Crypto fear and greed index rises to 38, fear persists

CoinMarketCap’s in-house crypto fear and greed index rose two points from yesterday to 38, remaining in fear territory. The index indicates extreme fear as it moves closer to zero and extreme optimism as it approaches 100. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as put/call ratios, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.