Crypto Fear & Greed Index rises to 11, but extreme fear persists

The Crypto Fear & Greed Index stands at 11, up three points from yesterday, according to data provider Alternative. The reading indicates that 'extreme fear' continues to grip the market. The index measures market sentiment on a scale of zero (extreme fear) to 100 (extreme optimism). It is calculated based on factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).