Crypto Fear & Greed Index dips to 23, signaling continued extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, has fallen one point from yesterday to 23, remaining in the extreme fear category. The index measures market sentiment on a scale where zero represents extreme fear and 100 signifies extreme optimism. It is calculated using several metrics, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).