Crypto Fear & Greed Index drops to 28, indicating continued fear

The Crypto Fear & Greed Index, compiled by data provider Alternative, fell 14 points from yesterday to 28, indicating continued fear in the market. The index measures market sentiment on a scale of 0 for Extreme Fear to 100 for Extreme Greed. It 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%).