Crypto Fear & Greed Index rises to 13, extreme fear persists

The Fear & Greed Index, compiled by crypto data provider Alternative, rose three points from the previous day to 13. The market sentiment remains in the 'Extreme Fear' category. The index measures market sentiment on a scale of 0 to 100, where a score closer to 0 indicates extreme fear and a score closer to 100 signifies extreme optimism. The index is calculated based on several factors: volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin dominance (10%), and Google search trends (10%).