Panic in the crypto market intensifies, the Fear & Greed Index has dropped to 9

Odaily According to data from Alternative.me, the Crypto Fear & Greed Index has dropped to 9 today, entering the "Extreme Fear" zone. This marks a further decline from yesterday's 12 and last week's 16. The data indicates a rapid deterioration in market sentiment in the short term. Last month, the index was still at 42, which is within the "Fear" level.

Note: The Fear & Greed Index has a threshold range of 0-100 and is composed of the following indicators: Volatility (25%) + Market Volume/Momentum (25%) + Social Media (15%) + Surveys (15%) + Bitcoin Dominance (10%) + Google Trends (10%).