Crypto Fear & Greed Index drops to 11, extreme fear continues

The Crypto Fear & Greed Index, compiled by Alternative, has fallen two points from yesterday to 11, indicating that a state of extreme fear continues to grip the market. The index measures market sentiment on a scale of 0, representing extreme fear, to 100, signifying extreme optimism. Its calculation is based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market capitalization dominance (10%), and Google search volume (10%).