According to BlockBeats, the cryptocurrency Fear and Greed Index stands at 70 for the fourth consecutive day, indicating a prevailing 'greed' sentiment in the market. The index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's dominance in the overall market (10%), and Google search trends (10%).