The cryptocurrency market continues to show signs of caution, with the 'Fear & Greed Index' remaining firmly rooted in fear territory. Currently sitting at 39, this index serves as a gauge for overall market sentiment.
Developed by CoinMarketCap, the index takes into account several key metrics, including price movements among the top 10 cryptocurrencies by market capitalization and derivatives data such as the put-call ratio.
The Stablecoin Supply Ratio (SSR) and search data from the platform itself also contribute to the index's calculations.