Crypto data provider Alternative's proprietary 'fear and greed index' has improved by 8 points from the previous day and recorded 49, indicating a shift from fear to neutral sentiment in the market. The index had dropped to the fear level three days prior, but has since regained the neutral level. The Fear and Greed Index is a composite measure that reflects market sentiment by combining various data points, including volatility, trading volume, social media mentions, surveys, the Bitcoin market cap ratio, and Google search volume.