Crypto Fear & Greed Index drops to 20, remains in extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, has fallen three points from yesterday to 20, continuing its phase of 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 volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).