Crypto 'Fear & Greed Index' drops to 10, signaling extreme fear

The Crypto Fear & Greed Index has fallen four points to 10, remaining in the "Extreme Fear" range, according to data from Alternative. The index, which shifted from "Fear" to "Extreme Fear" on Jan. 30, has stayed at the latter level since. The metric measures market sentiment on a scale from zero (extreme fear) to 100 (extreme optimism). It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's dominance (10%), and Google search volume (10%).