Crypto 'Fear & Greed Index' rises to 21, still in 'Extreme Fear'

The Crypto Fear & Greed Index from data provider Alternative rose nine points from yesterday to 21, though the market remains in the Extreme Fear category. The index measures market sentiment on a scale of 0 (Extreme Fear) to 100 (Extreme Optimism). It is calculated based on volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search trends (10%).