Crypto Fear & Greed Index at 23, extreme fear persists

The Crypto Fear & Greed Index has fallen one point from the previous day to 23, maintaining its extreme fear status, according to data from Alternative. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme greed. The index is calculated using several factors, including volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market dominance (10%), and Google search trends (10%).