Crypto Fear & Greed Index rises to 23, Extreme Fear persists

The Crypto Fear & Greed Index rose three points from yesterday to 23, though it remains in the Extreme Fear category, according to data from Alternative. The index measures market sentiment on a scale from 0, indicating extreme fear, to 100, representing extreme greed. It is calculated based on factors including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).