The Crypto Fear & Greed Index has hit an all-time low of 8, sparking concerns about the market's overall health. This drastic drop from yesterday's reading of 12 suggests a growing sense of 'extreme fear' among investors.
The index, which combines five key indicators, is designed to provide a comprehensive view of market sentiment. These indicators include volatility, market volume, social media hype, market surveys, and Google Trends analysis, each contributing 25% or less to the overall score.