Crypto Fear & Greed Index drops to 24, enters 'Extreme Fear'

The Crypto Fear & Greed Index from data provider Alternative has fallen eight points from yesterday to 24, shifting market sentiment from the Fear stage to 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%).