Crypto fear and greed index falls to 55, turning neutral

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 55, down six points from yesterday and shifting from greed to neutral. The index indicates extreme fear when it approaches zero and extreme optimism when it nears 100. CoinMarketCap calculates the gauge based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.