Crypto Fear & Greed Index falls to 23, enters extreme fear

The Crypto Fear & Greed Index has fallen six points from the previous day to 23, shifting from the fear to the extreme fear category, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. The index is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).