Crypto 'Fear & Greed Index' at 12 as extreme fear persists

The Crypto Fear & Greed Index from data provider Alternative is at 12, up one point from yesterday, but the market remains in a state of extreme fear. The index indicates extreme market fear as it approaches 0 and extreme optimism as it nears 100. 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%).