Crypto 'Fear & Greed Index' falls to 9, Extreme Fear persists

The 'Fear & Greed Index' from crypto data provider Alternative fell five points from yesterday to 9, keeping the market in a state of Extreme Fear. The index measures market sentiment on a scale of 0 (Extreme Fear) to 100 (Extreme Greed). It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).