Crypto Fear and Greed Index Drops to 14 on Feb. 1, Extending Extreme Fear Zone

The Crypto Fear and Greed Index fell to 14 on Feb. 1, down from 20 the previous day, Alternative data show. Last week's average stood at 25. The index, which ranges from 0 to 100, combines six weighted metrics: volatility (25%), trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends (10%). The market has remained in extreme fear territory for multiple consecutive days, Alternative reports.