Cryptocurrency Fear Index Plummets to 11 Amid Rising Market Fear Sentiment

The cryptocurrency fear and greed index has dropped to 11, according to Alternative data. This decline marks a decrease from yesterday's reading of 13, indicating a slight increase in 'fear' sentiment among investors.

The fear index is a composite measure that takes into account various indicators, including volatility (25%), market trading volume (25%), social media hype (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends analysis (10%).