Santiment focused on what might happen after the US Federal Reserve's (FED) interest rate cut decision.
In his X post on September 19, Santiment shed light on what the cryptocurrency sector could experience in the post-FED world.
Cryptocurrency markets have surged in the past 24 hours as investors are increasingly optimistic that the US Federal Reserve (FED) will bring positive momentum to the markets with its new interest rate cuts.
In the statement made by the analysis platform Santiment, it was emphasized that the markets are in an upward trend and this positive atmosphere also shows its effect on social media.
Bitcoin market may turn bullish
Santiment stated that they continue to observe how optimistic (bullish) investors are by monitoring the flow of positive and negative sentiment on social media platforms.
In particular, he stated that confidence in the markets is increasing and this situation is clearly seen in the posts of social media users. According to Santiment, markets may continue to move sideways for a while before experiencing a bullish sentiment increase similar to the peaks seen on April 19 and May 21.
In this process, while investors closely follow the FED's decisions on interest rate cuts and market conditions, the expectation that cryptocurrencies can maintain this positive atmosphere is growing stronger.
While it was seen that especially large investors supported this positive atmosphere in the markets, it was emphasized that the sentiment on social media had a significant impact on the markets.
Stay tuned for new information.