Crypto fear and greed index falls to 71, greed persists

CoinMarketCap’s in-house crypto fear and greed index came in at 71, down two points from yesterday, with the market remaining in greed territory. The index suggests extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap said the index is calculated based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put-to-call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s internal search data.