Crypto Fear and Greed Index Rises to 23, Market Remains in Extreme Fear

According to data from Alternative.me, the Crypto Fear and Greed Index rose to 23 today, compared with yesterday’s reading of 14. Despite the increase, the current reading still places the cryptocurrency market in the “Extreme Fear” category.

The Fear and Greed Index is used to reflect changes in overall crypto market sentiment, with lower readings indicating a higher level of fear. The move from 14 to 23 shows that the index has recovered from the previous day’s level, but Alternative.me’s classification continues to describe the market as being in “Extreme Fear.”