Crypto Fear & Greed Index drops to 12 as sentiment worsens

The Crypto Fear & Greed Index has fallen six points from yesterday to 12, signaling a further decline in investor sentiment. According to data from Alternative, the index has remained in the "Extreme Fear" stage since it first entered the territory on Jan. 30. The metric gauges market sentiment on a scale of 0 (Extreme Fear) to 100 (Extreme Greed). It is calculated based on market volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).