Crypto Fear & Greed Index stands at 17, extreme fear persists

The Crypto Fear & Greed Index from data provider Alternative rose one point from the previous day to 17, continuing a state of extreme fear. The index measures market sentiment on a scale of 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin dominance (10%), and Google search trends (10%).