The 'Fear & Greed Index' for cryptocurrencies has reached 73, marking a 2-point increase from the previous day, according to the data provider Alternative. This indicates that the market sentiment remains in the 'Greed' phase. The Fear & Greed Index is a metric that measures the level of fear or greed in the cryptocurrency market. It is calculated based on six factors: volatility, trading volume, social media mentions, survey data, Bitcoin's circulating supply ratio, and Google search volume. When the index approaches 0, it indicates extreme fear, while a reading close to 100 signifies extreme optimism. The continued dominance of greed in the crypto market suggests that investors are feeling confident about the future prospects of digital assets. However, it's important to note that market sentiments can change rapidly, and investors should always exercise caution when making investment decisions.