Cryptocurrency Market Continues to Experience Fear

According to BlockBeats, the cryptocurrency market is experiencing ongoing fear, as indicated by the latest data from Alternative. The current Fear and Greed Index stands at 32, slightly down from yesterday's 33, reflecting a persistent sense of panic among investors. The Fear and Greed Index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google search trends (10%). These components collectively provide insights into the market sentiment, highlighting the cautious approach of investors in the current climate.