Crypto 'Fear & Greed Index' drops to 11, capping a month of extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, fell two points from yesterday to 11. The index, which first entered the 'Extreme Fear' stage on Jan. 30, has now remained there for the entire month of February. A score closer to zero signifies extreme market fear, while a score near 100 indicates extreme optimism. The index is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).