Crypto Fear & Greed Index drops to 11, remains in extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, fell three points from yesterday to 11, continuing the Extreme Fear phase. The index measures market sentiment, where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).