Crypto Fear & Greed Index falls to 8, extreme fear persists

The Crypto Fear & Greed Index from data provider Alternative has dropped two points from yesterday to 8, keeping the market in a state of extreme fear. The index measures sentiment on a scale of 0 to 100, where 0 indicates extreme fear and 100 represents extreme optimism. The score 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%).