Cryptocurrency Fear and Greed Index Surges Past 70
The cryptocurrency fear and greed index has risen to 72, according to CoinMarketCap's data. This value indicates that investor sentiment remains positive in the market.
The fear and greed indicator is calculated by combining different market and investor behaviors. Price movements of the top 10 cryptocurrencies by market capitalization play a significant role in the calculation. Market volatility is also among the index's components.
CoinMarketCap uses data from derivative markets, including indicators such as the put/call ratio, to assess investors' risk-taking tendencies. The Stablecoin Supply Ratio (SSR) and CoinMarketCap's own search data are also used in the calculation.