Crypto 'Fear & Greed Index' rises to 16, still in extreme fear

The 'Fear & Greed Index' from cryptocurrency data provider Alternative rose one point from yesterday to 16, keeping the market in a state of extreme fear. The index ranges from 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).