Crypto fear and greed index rises to 78, greed persists

CoinMarketCap’s in-house Crypto Fear and Greed Index rose seven points from yesterday to 78, remaining in greed territory. The index indicates extreme fear when it is closer to zero and extreme optimism when it is closer to 100. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data such as put/call ratios, the stablecoin supply ratio, and CoinMarketCap’s own search data.