Crypto Fear & Greed Index falls to 23, re-entering Extreme Fear

The Crypto Fear & Greed Index, calculated by data provider Alternative, has fallen five points from the previous day to 23, shifting from the Fear category back into Extreme Fear. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).