Crypto Fear & Greed Index drops to 9, signaling 'Extreme Fear'

The Crypto Fear & Greed Index from data provider Alternative has fallen three points from the previous day to 9, indicating that "Extreme Fear" continues to grip the market. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. The Fear & Greed Index is calculated based on several factors: volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's share of the total market cap (10%), and Google search trends (10%).