CoinMarketCap’s in-house Crypto Fear and Greed Index rose to 41 from 31 a day earlier, signaling a sharper improvement in market sentiment while remaining in fear territory. The gauge is designed so readings closer to zero indicate more extreme fear, while values approaching 100 signal stronger optimism. CoinMarketCap says the index is calculated using price movements in 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 its own search data. The latest reading suggests investors are still cautious, even as sentiment has improved from the previous day.