Crypto 'Fear & Greed Index' hits 5, matching all-time low

The Crypto Fear & Greed Index fell six points from the previous day to five, according to data from Alternative. This marks the first time the index has hit its all-time low since Aug. 22, 2019, keeping the market in a state of "Extreme Fear." The index ranges from 0, indicating extreme fear, to 100, representing extreme optimism. 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%).