Crypto 'Fear & Greed Index' falls to 8, signaling extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, has dropped two points from yesterday to 8, signaling continued extreme fear in the market. The index ranges from 0 (extreme fear) to 100 (extreme greed). It is calculated based on several factors: volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search trends (10%).