Crypto Fear & Greed Index falls to 23, re-entering Extreme Fear

The Crypto Fear & Greed Index, calculated by data provider Alternative, has fallen five points from yesterday to 23, shifting from the Fear category back into Extreme Fear. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).