CryptoSentiment
9,253 views
29 Posts
Hot
Latest
đ Crypto Sentiment Update: Fear Takes Hold!
The current market sentiment is sitting at 39 on the Fear & Greed Index, indicating Fear has returned. đ
Yesterday: Neutral (51)
Last Week: Fear (26)
Last Month: Extreme Fear (25)
Keep an eye on the sentiment shiftsâit can offer great opportunities! đ§
$BTC #CryptoSentiment #btc70k #CryptoTrading
The current market sentiment is sitting at 39 on the Fear & Greed Index, indicating Fear has returned. đ
Yesterday: Neutral (51)
Last Week: Fear (26)
Last Month: Extreme Fear (25)
Keep an eye on the sentiment shiftsâit can offer great opportunities! đ§
$BTC #CryptoSentiment #btc70k #CryptoTrading
đ #Crypto Update: The Fear & Greed Index is now at 51 â showing a Neutral sentiment.
Yesterday: 50 (Neutral)Last Week: 29 (Fear)Last Month: 27 (Fear)
The market is gaining confidence, transitioning from Fear to Neutral in just a month. đđĄ
#CryptoMarket $BTC #Investing #CryptoSentiment #fearandgreedindex
Yesterday: 50 (Neutral)Last Week: 29 (Fear)Last Month: 27 (Fear)
The market is gaining confidence, transitioning from Fear to Neutral in just a month. đđĄ
#CryptoMarket $BTC #Investing #CryptoSentiment #fearandgreedindex
đš #bitcoinâïž is currently facing fear levels similar to major black swan events! đš
đ§ Hereâs the comparison:
- 2008 Financial Crisis: Global panic.
- COVID-19 Crash: Markets in freefall.
- 2018 Crypto Winter:Deep fear in the market.
đ Now:Bitcoin sentiment mirrors these events, but we know what happens next...
đ„Fear creates opportunity â stay vigilant!
đ„#BTCâ #CryptoSentiment #BitcoinAnalysis $BTC
đ§ Hereâs the comparison:
- 2008 Financial Crisis: Global panic.
- COVID-19 Crash: Markets in freefall.
- 2018 Crypto Winter:Deep fear in the market.
đ Now:Bitcoin sentiment mirrors these events, but we know what happens next...
đ„Fear creates opportunity â stay vigilant!
đ„#BTCâ #CryptoSentiment #BitcoinAnalysis $BTC
đŹ Cryptocurrency data provider Alternative's 'Fear and Greed Index' stands at 74, indicating a continued state of greed in the market. The index measures market sentiment, with lower values indicating extreme fear and higher values indicating extreme optimism. It considers factors like volatility, transaction volume, social media mentions, surveys, Bitcoin market capitalization, and Google search volume in its calculation. đđ€ #CryptoSentiment
A recent survey in Hong Kong reveals a significant shift in public sentiment toward virtual assets, driven by the JPEX scandal. The survey conducted by the Hong Kong University of Science and Technology (HKUST) found that 41% of respondents now prefer not to hold virtual assets, marking a 12% increase since April. In the wake of the JPEX scandal, only 20% expressed an interest in holding virtual assets in the future, down 5% from earlier this year.
JPEX, a fraudulent cryptocurrency platform, triggered a financial scandal of HK$1.57 billion and led to 28 arrests. The fallout has raised concerns about the city's efforts to embrace virtual assets and become a global hub for the industry.
While virtual assets have gained popularity, a lack of understanding and poor investment decisions among retail investors is evident. An Investor and Financial Education Council (IFEC) survey found that 8% of Hong Kong's retail investors bought virtual assets this year, up from 1% in 2019, with many driven by fear of missing out. The surveys also highlight a significant lack of understanding and concerns about regulation and fraud in the crypto space. #HongKong #VirtualAssets #CryptoSentiment #JPEX #CryptoHub
JPEX, a fraudulent cryptocurrency platform, triggered a financial scandal of HK$1.57 billion and led to 28 arrests. The fallout has raised concerns about the city's efforts to embrace virtual assets and become a global hub for the industry.
While virtual assets have gained popularity, a lack of understanding and poor investment decisions among retail investors is evident. An Investor and Financial Education Council (IFEC) survey found that 8% of Hong Kong's retail investors bought virtual assets this year, up from 1% in 2019, with many driven by fear of missing out. The surveys also highlight a significant lack of understanding and concerns about regulation and fraud in the crypto space. #HongKong #VirtualAssets #CryptoSentiment #JPEX #CryptoHub
đ CoinDesk reports a surge in 'Buy the Dip' mentions with 323 occurrences on social media, the highest since March 25, 2022, amid declining trading volumes in major cryptocurrencies and speculations of a Bitcoin spot ETF delay. đđŹ #CryptoSentiment
Crypto data provider Alternative's 'Fear and Greed Index' drops to 68 (down 4 points), indicating reduced fear but still in the greed zone. The index considers various factors and measures market sentiment. đđ
#CryptoSentiment #FearAndGreedIndex
Alternative's 'Fear and Greed Index' records 65, indicating a slight decrease in fear but maintaining greed in the cryptocurrency market. The index measures factors like volatility, transaction volume, SNS mentions, surveys, Bitcoin market cap weight, and Google search volume to gauge market sentiment. đđ€ #CryptoSentiment
đ Alternative's 'Fear and Greed Index' at 72, down 1 point, signaling continued greed.
đ Index closer to 0 signals extreme fear, closer to 100 denotes extreme optimism.
đĄ Computed from various factors like volatility, transaction volume, SNS mentions, surveys, market cap, and Google searches. #CryptoSentiment #BitcoinWorld
đ Index closer to 0 signals extreme fear, closer to 100 denotes extreme optimism.
đĄ Computed from various factors like volatility, transaction volume, SNS mentions, surveys, market cap, and Google searches. #CryptoSentiment #BitcoinWorld
đ Crypto sentiment update! đčđ Alternative's 'Fear/Greed Index' registers at 53, climbing 3 points from the previous day. A slight improvement in the two-seam balance is noted, maintaining a neutral phase. This index serves as a measure of market sentiment, with a value closer to 0 indicating intense fear and a value closer to 100 signaling high optimism. Tracking the dynamic sentiment landscape! đđ #CryptoSentiment #FearGreedIndex #MarketOptimism
đĄïž Crypto Market Sentiment Alert! Fear and Greed Index Update! đš
đ Breaking News: The Fear and Greed Index has just dipped into the "neutral" zone, breaking its prolonged stint in the "greed" territory since the end of October. đ
đĄ Why Track Fear and Greed?
The crypto market is a rollercoaster of emotions, driven by greed during bullish times and fear-induced selling during market downturns. Enter the Fear and Greed Index â your emotional compass in the crypto storm. đȘïž We're here to shield you from impulsive reactions with two key insights:
Extreme Fear = Potential Buying Opportunity: When fear peaks, it could signal that investors are overly anxious, possibly creating a ripe buying opportunity.
Extreme Greed = Market Correction Ahead: On the flip side, rampant investor greed may indicate an impending correction in the market.
đ Our Index: Decrypting Market Sentiment
We gauge the current sentiment of the Bitcoin market, distilling it into a straightforward meter ranging from 0 to 100. Zero signifies "Extreme Fear," while 100 screams "Extreme Greed." Your crypto emotions, simplified! đ€đ
đ Data Crunching: Dive deeper into our data sources to better understand the dynamics driving market sentiment.
đŹ What's Your Take? How do you interpret the Fear and Greed Index's recent shift to "neutral"? Share your thoughts on the current crypto sentiment! đŁïž
đ Like, Share, Follow: Stay in the know and spread the word! Like this post, share your insights, and follow @MemeLauncher for more real-time updates on crypto sentiment.
Let's navigate the crypto waves together! đđ #CryptoSentiment #FearAndGreed #CryptoInsightsUpdate
#FEARANDGREED #trading_tips
đ Breaking News: The Fear and Greed Index has just dipped into the "neutral" zone, breaking its prolonged stint in the "greed" territory since the end of October. đ
đĄ Why Track Fear and Greed?
The crypto market is a rollercoaster of emotions, driven by greed during bullish times and fear-induced selling during market downturns. Enter the Fear and Greed Index â your emotional compass in the crypto storm. đȘïž We're here to shield you from impulsive reactions with two key insights:
Extreme Fear = Potential Buying Opportunity: When fear peaks, it could signal that investors are overly anxious, possibly creating a ripe buying opportunity.
Extreme Greed = Market Correction Ahead: On the flip side, rampant investor greed may indicate an impending correction in the market.
đ Our Index: Decrypting Market Sentiment
We gauge the current sentiment of the Bitcoin market, distilling it into a straightforward meter ranging from 0 to 100. Zero signifies "Extreme Fear," while 100 screams "Extreme Greed." Your crypto emotions, simplified! đ€đ
đ Data Crunching: Dive deeper into our data sources to better understand the dynamics driving market sentiment.
đŹ What's Your Take? How do you interpret the Fear and Greed Index's recent shift to "neutral"? Share your thoughts on the current crypto sentiment! đŁïž
đ Like, Share, Follow: Stay in the know and spread the word! Like this post, share your insights, and follow @MemeLauncher for more real-time updates on crypto sentiment.
Let's navigate the crypto waves together! đđ #CryptoSentiment #FearAndGreed #CryptoInsightsUpdate
#FEARANDGREED #trading_tips
đ Cryptocurrency Sentiment Update: Alternative's 'Fear and Greed Index' self-estimates at 71, rising 2 points, signaling maintained greed; the index considers volatility, transaction volume, SNS mentions, surveys, Bitcoin market cap weight, and Google search volume. đđ€ #CryptoSentiment #FearAndGreedIndex
The Role of Market Sentiment in Crypto Trading đđ
Hey crypto enthusiasts! đ Are you ready to unlock the secrets behind the ups and downs of the crypto market? While technical analysis and fundamental research are crucial, market sentiment plays an equally vital role in crypto trading. Letâs dive into how sentiment shapes the crypto landscape and why following Nero_Exchanicie will keep you ahead of the game! đ„
What is Market Sentiment? đ€
Market sentiment refers to the overall attitude of investors toward a particular asset or financial market. It's the collective mood or feeling about the market's future direction. In the crypto world, sentiment can swing wildly, influenced by news, social media, and broader economic events.
Stay Informed with Nero_Exchanicie
Nero_Exchanicie breaks down complex market sentiments into actionable insights, helping you navigate the volatile crypto seas with confidence! đ
How Sentiment Affects Crypto Prices đ
Positive Sentiment: When the market sentiment is optimistic, prices tend to rise. Positive news, such as regulatory approvals, technological advancements, or influential endorsements, can fuel bullish trends. For instance, when Tesla announced its Bitcoin investment, the market surged in response.Negative Sentiment: Conversely, negative sentiment can lead to sharp declines. Regulatory crackdowns, security breaches, or negative comments from influential figures can trigger a bearish market. Remember how Elon Muskâs concerns about Bitcoinâs environmental impact caused a significant price drop?
Follow Nero_Exchanicie for Sentiment Analysis
Get the latest updates on market sentiment and learn how to leverage it for your trading strategy by following Nero_Exchanicie. Be the first to act on crucial market shifts! đ
Tools to Gauge Market Sentiment đ§
1. Social Media Analysis đŠ
Platforms like Twitter, Reddit, and Telegram are hotbeds for crypto discussions. Monitoring these platforms can provide insights into the prevailing market mood. Tools like LunarCrush or sentiment analysis software can help quantify this data.
2. News Aggregators đïž
Staying updated with the latest news is crucial. Websites like CoinDesk, CryptoSlate, and even mainstream financial news sites can influence market sentiment. Positive headlines can spark FOMO (Fear of Missing Out), while negative news can cause widespread panic.
3. Fear and Greed Index đ±/đ
This index gauges market sentiment by analyzing emotions and behaviors from different sources. Extreme fear can signal that investors are too worried, which might be a buying opportunity. Conversely, extreme greed can indicate an overbought market.
Trust Nero_Exchanicie for Top Tools
Nero_Exchanicie recommends the best tools and strategies to keep you on top of market sentiment. Follow him for expert guidance and smart trading tips! đ§
Sentiment-Driven Trading Strategies đ
Contrarian Trading: This strategy involves going against the prevailing market sentiment. When the market is overly pessimistic, contrarians buy, expecting a rebound. When the market is overly optimistic, they sell, anticipating a correction.Momentum Trading: This strategy follows the trend. Positive sentiment often leads to upward momentum, making it a good time to buy. Negative sentiment can create downward momentum, presenting selling opportunities.
Learn from Nero_Exchanicie
Nero_Exchanicie shares proven trading strategies that leverage market sentiment. Follow him to master the art of sentiment-driven trading and boost your profits! đ°
Understanding market sentiment is crucial for successful crypto trading. By staying attuned to the collective mood of the market, you can make more informed decisions and seize opportunities as they arise. And with Nero_Exchanicie as your guide, you'll have the insights and strategies needed to navigate the ever-changing crypto landscape with confidence. Follow Nero_Exchanicie now and take your trading to the next level! đđ
#CryptoSentiment #InvestSmart #CryptoTradingGuide #cryptotrends #MicroStrategy
Join the savvy investors who trust Nero_Exchanicie for the latest in market sentiment analysis, trading strategies, and crypto insights. Follow now and turn every market sentiment into a trading opportunity! đđ
What is Market Sentiment? đ€
Market sentiment refers to the overall attitude of investors toward a particular asset or financial market. It's the collective mood or feeling about the market's future direction. In the crypto world, sentiment can swing wildly, influenced by news, social media, and broader economic events.
Stay Informed with Nero_Exchanicie
Nero_Exchanicie breaks down complex market sentiments into actionable insights, helping you navigate the volatile crypto seas with confidence! đ
How Sentiment Affects Crypto Prices đ
Positive Sentiment: When the market sentiment is optimistic, prices tend to rise. Positive news, such as regulatory approvals, technological advancements, or influential endorsements, can fuel bullish trends. For instance, when Tesla announced its Bitcoin investment, the market surged in response.Negative Sentiment: Conversely, negative sentiment can lead to sharp declines. Regulatory crackdowns, security breaches, or negative comments from influential figures can trigger a bearish market. Remember how Elon Muskâs concerns about Bitcoinâs environmental impact caused a significant price drop?
Follow Nero_Exchanicie for Sentiment Analysis
Get the latest updates on market sentiment and learn how to leverage it for your trading strategy by following Nero_Exchanicie. Be the first to act on crucial market shifts! đ
Tools to Gauge Market Sentiment đ§
1. Social Media Analysis đŠ
Platforms like Twitter, Reddit, and Telegram are hotbeds for crypto discussions. Monitoring these platforms can provide insights into the prevailing market mood. Tools like LunarCrush or sentiment analysis software can help quantify this data.
2. News Aggregators đïž
Staying updated with the latest news is crucial. Websites like CoinDesk, CryptoSlate, and even mainstream financial news sites can influence market sentiment. Positive headlines can spark FOMO (Fear of Missing Out), while negative news can cause widespread panic.
3. Fear and Greed Index đ±/đ
This index gauges market sentiment by analyzing emotions and behaviors from different sources. Extreme fear can signal that investors are too worried, which might be a buying opportunity. Conversely, extreme greed can indicate an overbought market.
Trust Nero_Exchanicie for Top Tools
Nero_Exchanicie recommends the best tools and strategies to keep you on top of market sentiment. Follow him for expert guidance and smart trading tips! đ§
Sentiment-Driven Trading Strategies đ
Contrarian Trading: This strategy involves going against the prevailing market sentiment. When the market is overly pessimistic, contrarians buy, expecting a rebound. When the market is overly optimistic, they sell, anticipating a correction.Momentum Trading: This strategy follows the trend. Positive sentiment often leads to upward momentum, making it a good time to buy. Negative sentiment can create downward momentum, presenting selling opportunities.
Learn from Nero_Exchanicie
Nero_Exchanicie shares proven trading strategies that leverage market sentiment. Follow him to master the art of sentiment-driven trading and boost your profits! đ°
Understanding market sentiment is crucial for successful crypto trading. By staying attuned to the collective mood of the market, you can make more informed decisions and seize opportunities as they arise. And with Nero_Exchanicie as your guide, you'll have the insights and strategies needed to navigate the ever-changing crypto landscape with confidence. Follow Nero_Exchanicie now and take your trading to the next level! đđ
#CryptoSentiment #InvestSmart #CryptoTradingGuide #cryptotrends #MicroStrategy
Join the savvy investors who trust Nero_Exchanicie for the latest in market sentiment analysis, trading strategies, and crypto insights. Follow now and turn every market sentiment into a trading opportunity! đđ
đŹđ Alternative's 'Fear and Greed Index' currently stands at 66, down 2 points from the previous day. While the market's bullish sentiment slightly decreased, it remains in the greed phase. The index assesses market sentiment, with lower values indicating fear and higher values indicating optimism. Factors considered include volatility, transaction volume, SNS mentions, surveys, Bitcoin market cap weight, and Google search volume. #CryptoSentiment #FearAndGreedIndex #BitcoinWorld đđ€
đđ #Bitcoin Weekly Accumulation & Distribution By Spot ETFs: WEEKLY REPORT $BTC đđ
1/ Hey Crypto Fam! đ Let's dive into this week's #Bitcoin accumulation and distribution trends by Spot ETFs. A fascinating look at how institutional actions can sway the market! đđ #Write2Earn
2/ đ **Accumulation Alert:** This week, we've seen a noticeable uptick in BTC accumulation by several Spot ETFs. It suggests growing confidence among institutional investors in Bitcoin's long-term value. đŒđ #InstitutionalInterest
3/ đ **Distribution Dynamics:** On the flip side, there was minimal distribution observed. It indicates that holders are opting to keep their stakes, possibly anticipating future price increases. đđź #HODLingStrong
4/ đ **Volume Insights:** Trading volumes for BTC Spot ETFs have fluctuated, reflecting the market's reaction to global economic signals. It's a dance of sentiment and strategy. đđș #MarketWatch
5/ đĄ **What This Means:** High accumulation rates can signal bullish sentiment, driving more investors to consider Bitcoin as a viable asset. Meanwhile, low distribution suggests a strong HODL mentality among ETFs. đđ #CryptoSentiment
6/ đ§ **Looking Ahead:** As Spot ETFs continue to play a significant role in BTC's liquidity, tracking their moves gives us valuable insights into potential market directions. đ§đŹ #FutureTrends
7/ đ **Fun Fact:** Did you know that the first proposal for a Bitcoin ETF was submitted back in 2013? It's been a long journey, but the growing interest in crypto ETFs marks a new era for digital assets. đïžđ°ïž #CryptoHistory
8/ đ€ **Join the Conversation:** What's your take on the impact of Spot ETFs on Bitcoin's market dynamics? Do you see them as a catalyst for wider adoption or a volatility factor? Share your thoughts below! đâš #CryptoCommunity
Remember, the world of cryptocurrency is ever-evolving, and staying informed is key to navigating its waves. Let's keep the discussion going and learn from each trend! đđ #StayInformed
1/ Hey Crypto Fam! đ Let's dive into this week's #Bitcoin accumulation and distribution trends by Spot ETFs. A fascinating look at how institutional actions can sway the market! đđ #Write2Earn
2/ đ **Accumulation Alert:** This week, we've seen a noticeable uptick in BTC accumulation by several Spot ETFs. It suggests growing confidence among institutional investors in Bitcoin's long-term value. đŒđ #InstitutionalInterest
3/ đ **Distribution Dynamics:** On the flip side, there was minimal distribution observed. It indicates that holders are opting to keep their stakes, possibly anticipating future price increases. đđź #HODLingStrong
4/ đ **Volume Insights:** Trading volumes for BTC Spot ETFs have fluctuated, reflecting the market's reaction to global economic signals. It's a dance of sentiment and strategy. đđș #MarketWatch
5/ đĄ **What This Means:** High accumulation rates can signal bullish sentiment, driving more investors to consider Bitcoin as a viable asset. Meanwhile, low distribution suggests a strong HODL mentality among ETFs. đđ #CryptoSentiment
6/ đ§ **Looking Ahead:** As Spot ETFs continue to play a significant role in BTC's liquidity, tracking their moves gives us valuable insights into potential market directions. đ§đŹ #FutureTrends
7/ đ **Fun Fact:** Did you know that the first proposal for a Bitcoin ETF was submitted back in 2013? It's been a long journey, but the growing interest in crypto ETFs marks a new era for digital assets. đïžđ°ïž #CryptoHistory
8/ đ€ **Join the Conversation:** What's your take on the impact of Spot ETFs on Bitcoin's market dynamics? Do you see them as a catalyst for wider adoption or a volatility factor? Share your thoughts below! đâš #CryptoCommunity
Remember, the world of cryptocurrency is ever-evolving, and staying informed is key to navigating its waves. Let's keep the discussion going and learn from each trend! đđ #StayInformed
đ» Market Mood Insights! đđą Santiment's crypto on-chain analysis observes the sentiment: traders terming the current scenario as a 'bear market'. But history reveals a silver liningâmany market rebounds have sprung from such conditions. đđĄ After dipping below $6,000, the chatter about bear markets has surged. Stay vigilant as the market dynamics evolve! đđ #BearMarketNotion #CryptoSentiment #BitcoinWorld
đ Cryptocurrency's 'Fear and Greed Index' by Alternative records 60, down 9 points, reflecting a slightly weakened sentiment but maintaining a phase of greed. The index considers factors like volatility, transaction volume, SNS mentions, surveys, Bitcoin market cap weight, and Google search volume. #CryptoSentiment đđ€
Alternative's 'Fear and Greed Index' đ recorded 68, up 3 points, signaling continued greed in the #BitcoinWorld market. The index reflects market sentiment based on various factors including volatility, transaction volume, SNS mentions, and more. #CryptoSentiment
đ Cryptocurrency data provider Alternative's self-estimated 'fear and greed index' remained at 71, indicating a continued phase of greed in the market. This index measures market sentiment, with values closer to 0 signifying extreme fear and values closer to 100 representing extreme optimism. The calculation factors in volatility (25%), transaction volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market capitalization weight (10%), and Google search volume (10%). đđ€ #CryptoSentiment #FearAndGreedIndex đđ°
đđą Bearish Flip in Crypto Crowd Sentiment Hints at Coming Bitcoin Price Bounce
"The masses are always wrong. Wisdom is doing everything the crowd does not do," American poet and novelist Charles Bukowski said. This sentiment holds true for crypto as well, and the crypto crowd is beginning to lean bearish on bitcoin (BTC) â a sign that the current BTC price sell-off may soon run out of steam.
"Historically, prices move in the opposite direction of mass traders' expectations," blockchain analytics platform Santiment said in a market insights post, adding that the market could bottom out right before the halving â expected in the next two days â or shortly after.
Data tracked by Santiment shows that the number of "bull market" or "bull cycle" mentions on crypto social media has been declining since late March. At the same time, the number of "bear market" or "bear cycle" mentions has steadily increased.
Santiment's Social Trends indicator tracks chatter across Telegram, Reddit, X (formerly Twitter), and 4Chan to identify keywords or topics that have sparked interest.
"According to the crypto crowd, the #bullmarket has essentially come to an end after #Bitcoin's -16% market value drop since the #AllTimeHigh of $73,600 hit back on March 14th. At the same time, #bearmarket mentions are increasing," Santiment said.
The leading cryptocurrency by market value hit lows under $60,000 yesterday before recovering to trade near $61,200 at press time. The CoinDesk 20 Index, which measures the performance of the top 20 digital assets by market capitalization, has declined by 24% this month.
Bitcoin's blockchain will implement its fourth mining reward halving on Friday or early Saturday, cutting the per-block BTC emission by 50% to 3.125 BTC.
Several analysts, including JPMorgan, have warned of a deeper price slide following the quadrennial event, although the consensus is bullish over the long term. đđą #Bitcoin #CryptoSentiment #MarketAnalysis đđ»
"The masses are always wrong. Wisdom is doing everything the crowd does not do," American poet and novelist Charles Bukowski said. This sentiment holds true for crypto as well, and the crypto crowd is beginning to lean bearish on bitcoin (BTC) â a sign that the current BTC price sell-off may soon run out of steam.
"Historically, prices move in the opposite direction of mass traders' expectations," blockchain analytics platform Santiment said in a market insights post, adding that the market could bottom out right before the halving â expected in the next two days â or shortly after.
Data tracked by Santiment shows that the number of "bull market" or "bull cycle" mentions on crypto social media has been declining since late March. At the same time, the number of "bear market" or "bear cycle" mentions has steadily increased.
Santiment's Social Trends indicator tracks chatter across Telegram, Reddit, X (formerly Twitter), and 4Chan to identify keywords or topics that have sparked interest.
"According to the crypto crowd, the #bullmarket has essentially come to an end after #Bitcoin's -16% market value drop since the #AllTimeHigh of $73,600 hit back on March 14th. At the same time, #bearmarket mentions are increasing," Santiment said.
The leading cryptocurrency by market value hit lows under $60,000 yesterday before recovering to trade near $61,200 at press time. The CoinDesk 20 Index, which measures the performance of the top 20 digital assets by market capitalization, has declined by 24% this month.
Bitcoin's blockchain will implement its fourth mining reward halving on Friday or early Saturday, cutting the per-block BTC emission by 50% to 3.125 BTC.
Several analysts, including JPMorgan, have warned of a deeper price slide following the quadrennial event, although the consensus is bullish over the long term. đđą #Bitcoin #CryptoSentiment #MarketAnalysis đđ»