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Cryptocurrency Fear Index Drops to 24, Market Plunges into Extreme Fear

Summary: According to Alternative data, the cryptocurrency fear and greed index dropped to 24 today (from 27 yesterday), plunging the market sentiment into a state of extreme fear, with last week's average at 74. Note: The fear index threshold is 0-100, including indicators such as volatility (25%) + market trading volume (25%) + social media buzz ...

According to Alternative data, the cryptocurrency fear and greed index dropped to 24 today (from 27 yesterday), plunging the market sentiment into a state of extreme fear, with last week's average at 74.

Note: The fear index threshold is 0-100, including indicators such as volatility (25%) + market trading volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin dominance in the market (10%) + Google Trends analysis (10%).

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