Crypto Fear Levels Surge as Market Sentiment Drops

The cryptocurrency market has experienced a shift towards fear, according to the latest BlockBeats analysis. The Fear and Greed Index has fallen significantly, dropping to 31 from the previous day’s score of 45. This indicates a more cautious sentiment within the crypto ecosystem. The index, measured on a scale from 0 to 100, weighs several key factors including market volatility (25%), trading volume (25%), social media engagement (15%), survey data (15%), Bitcoin’s influence (10%), and Google search trends (10%).