Crypto Fear & Greed Index rises to 9, remains in 'Extreme Fear'

The Crypto Fear & Greed Index, compiled by data provider Alternative, rose four points from yesterday to 9. The market sentiment remains in the "Extreme Fear" phase. The index measures sentiment on a scale 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%).