Crypto Fear and Greed Index holds at 58 in neutral zone

CoinMarketCap’s proprietary Crypto Fear and Greed Index stood at 58, remaining in the neutral zone. The index signals extreme fear as it moves closer to zero and extreme optimism as it approaches 100. According to CoinMarketCap, the index is calculated based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap’s own search data.