Crypto Fear & Greed Index drops to 24, enters extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, has fallen two points from yesterday to 24, shifting market sentiment from a state of fear to extreme fear. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 indicates 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%).