Crypto 'Fear & Greed Index' at 8 as extreme fear persists

The Crypto Fear & Greed Index from data provider Alternative is at 8, up three points from yesterday. This reading indicates that the market remains in a state of extreme fear. The index measures market sentiment on a scale where 0 represents extreme fear and 100 signifies extreme optimism. The score is calculated based on volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search trends (10%).