Cryptocurrency Market Sentiment Declines Amid Fear and Greed Index Drop

According to PANews, the cryptocurrency Fear and Greed Index has significantly decreased to 26, down from 44 the previous day, indicating a shift to a panic level in market sentiment. The index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media trends (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google search trends (10%).