Crypto Fear & Greed Index drops to 7, signaling extreme fear

The Crypto Fear & Greed Index from data provider Alternative has dropped two points from yesterday to 7, signaling a continued state of extreme fear. The index measures market sentiment on a scale of 0, representing extreme fear, to 100, indicating 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%).