Crypto 'Fear & Greed Index' at 63 as Greed Persists

CoinMarketCap's proprietary Fear & Greed Index recorded a drop of six points from the previous day to 63. Greed remains prevalent. The index reflects extreme fear when approaching zero and extreme optimism near 100. CoinMarketCap calculates its Fear & Greed Index based on price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market put/call ratios, stablecoin supply ratio (SSR), and CoinMarketCap's own search data.