Crypto Fear & Greed Index at 16, remains in 'extreme fear'

The Fear & Greed Index from cryptocurrency data provider Alternative rose one point from the previous day to 16. The index shifted from 'fear' to 'extreme fear' on Jan. 30 and has remained in that category ever since. A score closer to 0 indicates extreme fear in the market, while a score closer to 100 signifies extreme optimism. The Fear & Greed 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%).