Crypto Fear & Greed Index at 16 as extreme fear persists

The Crypto Fear & Greed Index from data provider Alternative has risen one point from yesterday to 16, though it remains in the extreme fear category. The index measures market sentiment, with a score closer to 0 signifying extreme fear and a score closer to 100 indicating extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).