Crypto Fear & Greed Index Falls to 21, Signaling Extreme Fear

The cryptocurrency Fear & Greed Index dropped to 21 on Nov. 4 from 42 the previous day, Alternative data show. The reading signals "extreme fear" in market sentiment. The index ranges from 0 to 100 and weighs six components: volatility (25%), trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends (10%).