Crypto Fear & Greed Index at 13, 'Extreme Fear' persists

The Fear & Greed Index from crypto data provider Alternative rose five points from yesterday to 13. The index shifted from the 'Fear' to the 'Extreme Fear' category on Jan. 30 and has remained there since. The index indicates extreme fear in the market as it approaches zero and extreme optimism as it approaches 100. The Fear & Greed Index 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%).