[Panic in the Crypto Market Intensifies, Fear Index Drops to 9] Odaily Planet Daily reports that according to data from Alternative.me, today's Crypto Fear and Greed Index has dropped to 9, falling into the 'Extreme Fear' range, down from 12 the previous day and 16 last week. The data shows that market sentiment has rapidly deteriorated in the short term, while last month the index was still at 42, categorized as the 'Fear' level. Note: The Fear Index ranges from 0-100 and includes the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin's Market Dominance (10%) + Google Trends Analysis (10%).