The 'Fear & Greed Index' estimated by cryptocurrency data provider CoinMarketCap recorded 31, down 4 points from the previous day. This indicates that the market's 'fear' phase is persisting.

The Fear & Greed Index indicates extreme market fear as it approaches 0, and extreme optimism as it approaches 100.

CoinMarketCap's Fear & Greed Index is calculated based on the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap's own search data.