The Crypto Fear & Greed Index, a key market sentiment barometer from data provider CoinMarketCap, has risen to 45, marking a one-point increase from yesterday’s reading. The index continues to signal a ‘Neutral’ sentiment among cryptocurrency investors.
The Crypto Fear & Greed Index measures market emotions on a scale from 0 to 100, with 0 indicating ‘Extreme Fear’ and 100 representing ‘Extreme Greed.’ The current reading of 45 places the market squarely in the ‘Neutral’ zone, suggesting that investors are neither overly fearful nor excessively greedy. This balanced sentiment often precedes significant market moves.
CoinMarketCap calculates its version of the index using several key data points, including price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives data like put/call ratios, the Stablecoin Supply Ratio (SSR), and proprietary search data. This multi-faceted approach provides a comprehensive view of market psychology.
Historically, during the 2021 bull run, the index frequently reached ‘Extreme Greed’ levels above 80, while the 2022 bear market saw prolonged periods of ‘Extreme Fear’ below 20. The current neutral reading of 45 represents a middle ground, reflecting a market that has recovered from the depths of the bear market but has not yet reached the euphoria of a new bull cycle.
Meanwhile, Bitcoin dominance (BTC.D) closed at 61.01% on Friday, a target analyst MooninPapa had been calling for weeks. According to MooninPapa on X, the bounce does not change the bigger picture. Bitcoin is sitting at the top of the cloud right now, which is a waiting zone, not a breakout signal. Higher highs on BTC.D price and lower highs on RSI create bearish divergence, suggesting the odds of a pullback are rising with every push higher.
Ethereum posted a weak bounce with poor volume. RSI crossed back above support but landed at 49.58, a much lower high. MooninPapa’s assessment is that ETH is likely heading lower before any real recovery takes shape. Gap ranges sit open: Ethereum between 2,260 and 2,339, Bitcoin between 76K and 79K, and Solana between 82.85 and 84.95, which tend to fill.
Stablecoin dominance only dropped 1.69% Friday, surprisingly little, holding a pattern of higher lows and higher highs on RSI, which reads as money sitting still rather than rotating into altcoins. TOTAL3ESBTC dropped 2% Friday, tracking alt health against Bitcoin and heading toward support last tested in June 2025.
Outside crypto, the DXY wick lower Friday then began building a higher low. USDJPY fell from 160 to 155 in one session, with BOJ intervention risk staying high. MooninPapa’s base case remains unchanged: May favors lower prices before anything more meaningful.
