Crypto Fear & Greed Index falls to 9, lowest since June 2022

The Crypto Fear & Greed Index, compiled by the data provider Alternative, has dropped three points from yesterday to nine, its lowest level since June 21, 2022. The market remains in a state of extreme fear. The index measures market sentiment on a scale where zero represents extreme fear and 100 signifies extreme optimism. It is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).