Crypto 'Fear & Greed Index' drops to 18, signaling extreme fear

The "Fear & Greed Index" from crypto data provider Alternative has fallen four points from the previous day to 18, indicating a state of "extreme fear." The index, which shifted from "fear" to "extreme fear" on Jan. 30, has remained in the latter stage since. The metric gauges market sentiment on a scale from 0 (extreme fear) to 100 (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%).