Crypto Fear & Greed Index drops to 16, signaling extreme fear

The Crypto Fear & Greed Index from data provider Alternative has dropped 10 points to 16, shifting investor sentiment from a state of fear to one of 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 factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market capitalization dominance (10%), and Google search volume (10%).