The proprietary sentiment gauge slipped two points from the prior day, with lower readings indicating deeper market anxiety and higher scores signaling stronger optimism.
CoinMarketCap’s proprietary Crypto Fear and Greed Index fell two points from yesterday to 35, keeping the market sentiment measure in the fear zone. The gauge is designed to reflect sentiment across the crypto market, with readings closer to zero indicating extreme fear and readings nearer 100 pointing to extreme optimism. CoinMarketCap says the index is calculated using price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data including the put-to-call ratio, the stablecoin supply ratio, or SSR, and the company’s own search data.