Crypto Fear & Greed Index holds at 24, signaling extreme fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, stands at 24, unchanged from yesterday, with the market remaining in a state of extreme fear. The index measures sentiment on a scale where 0 represents extreme fear and 100 indicates 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%).