The Fear and Greed Index in the crypto market has decreased to 61, indicating a moderation in investor sentiment compared to previous days.
The index has fallen from 65 yesterday and 76 last week, showing a downward trend in bullish momentum despite overall positive sentiment.
Yearly extremes of the index include a high of 88 (Extreme Greed) and a low of 15 (Extreme Fear) on specific dates.
The dip in sentiment may be attributed to factors such as recent ETF outflows, altcoin losses, and growing caution due to uncertain macroeconomic and regulatory developments.