Crypto Fear & Greed Index at 8 as extreme fear persists

The Crypto Fear & Greed Index, calculated by data provider Alternative, rose one point from yesterday to 8, keeping market sentiment in the Extreme Fear category. The index measures market sentiment on a scale of 0 (extreme fear) to 100 (extreme optimism). It is based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).