Crypto Fear & Greed Index rises to 9, 'Extreme Fear' continues

The Crypto Fear & Greed Index from data provider Alternative has risen one point from the previous day to 9, keeping the market in a state of "Extreme Fear." The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. The Fear & Greed Index 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%).