The cryptocurrency market is still in the grip of greed, according to the latest reading of the "Fear and Greed Index." The index, which measures market sentiment using a variety of factors including volatility, trading volume, and social media mentions, fell by 2 points compared to the previous day, reaching 70. Despite the slight decline, the index remains well above the neutral level of 50, indicating that greed is still the dominant emotion among investors. The index reached a high of 95 in early November, just before the cryptocurrency market crashed. The ongoing greed in the market could be a sign of overconfidence among investors. Greed can lead investors to take on too much risk, which could lead to losses if the market turns. Investors should be aware of the risks associated with investing in cryptocurrency and should only invest what they can afford to lose. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), weight of bitcoin market capitalization (10%), and google search volume (10%).