Crypto Fear Index Soars as Market Sentiment Turns Negative

The cryptocurrency market is currently experiencing a shift toward fear, reflected in the Fear and Greed Index dropping to 31. This significant decline from yesterday’s index of 45 indicates growing anxiety within the market. Developed by BlockBeats, this index gauges sentiment based on several factors, including volatility (25%), trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s dominance in the market (10%), and Google search trends (10%).