The Cryptocurrency Market Faces Extreme Fear as Index Drops
According to BlockBeats, the cryptocurrency fear and greed index has plummeted to 25 today, signaling a shift back into the 'extreme fear' territory. This represents a notable decline from yesterday's index of 44.
The index, which measures market sentiment on a scale from 0 to 100, is determined by various factors, including volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google keyword trends (10%).
