Crypto Fear & Greed Index Falls to 23, Stays in Extreme Fear Zone

The cryptocurrency Fear & Greed Index dropped to 23 on Dec. 2 from 24 the prior day, Alternative data show. The index averaged 20 over the past week, reflecting sustained extreme fear conditions. The metric ranges from 0 to 100 and draws on six components: volatility (25%), trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends (10%).