The unchanged reading suggests sentiment stayed cautious, with the gauge derived from top-10 crypto price action, volatility, derivatives data, SSR and CoinMarketCap search trends.
CoinMarketCap’s in-house crypto Fear and Greed Index was 35, unchanged from the previous day and still signaling fear. The indicator is designed to reflect market sentiment, with readings closer to zero pointing to extreme fear and levels nearer 100 indicating extreme optimism. CoinMarketCap says the measure is built from price movements across the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the company’s own search data.