Crypto 'Fear & Greed Index' holds at 9, Extreme Fear persists

The 'Fear & Greed Index' from crypto data provider Alternative registered a 9, unchanged from yesterday. This indicates that the "Extreme Fear" phase is ongoing. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme optimism. The index is calculated based on factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).