Crypto Fear & Greed Index rises to 29, exits Extreme Fear

The Crypto Fear & Greed Index rose nine points from yesterday to 29, moving from the Extreme Fear to the Fear stage, according to data from Alternative. 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%).