Crypto Fear & Greed Index rises to 16, extreme fear persists

The Crypto Fear & Greed Index has risen five points from the previous day to 16, though it remains in the extreme fear category, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies 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%).