Bitcoin News Post
No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
LIVE PRICES
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation
No Result
View All Result
Bitcoin News Post
No Result
View All Result

Bitcoin’s Sentiment on Twitter Remains Negative, Which Could Signal a Price Upswing

by BNP
July 20, 2021
in Blockchain News
0
Share on FacebookShare on Twitter


The consolidation interval within the Bitcoin (BTC) market continued making a unfavourable sentiment just lately on Twitter, as acknowledged by Santiment.

The crypto analytic agency explained:

“Twitter’s sentiment towards Bitcoin stays unfavourable within the quantity of quantity and tone that our algorithm is selecting up. Typically, when there may be negativity, there’s a increased diploma of a value upswing to catch the gang off guard.”

Image

Nonetheless, Santiment famous that this development may set off an upward momentum, resulting in a market in shock. 

Bitcoin’s sentiment on Twitter being unfavourable might be linked to the truth that short-term curiosity within the main cryptocurrency declined by 43% after reaching an all-time excessive (ATH) in February. 

Furthermore, the variety of addresses holding BTC for lower than one month has dropped by 59% since February as volatility plummeted.  Low volatility has engulfed the BTC market, and this phenomenon has partly been attributed to China’s intensified crackdown on crypto mining.

Bitcoin ‘millionaire tier’ of addresses proceed going up

But, Santiment added that the BTC ‘millionaire tier’ of addresses holding between 100 and 10,000 Bitcoins retains climbing. Exactly, their holdings have elevated by 100,000 BTC since Could 21. 

Image

On-chain analyst Will Clemente echoed these sentiments. He stated:

“Bitcoin whales have added +76,441 BTC to their holdings within the final 2 weeks.”

It, subsequently, exhibits that the long-term funding perspective amongst Bitcoin whales stays robust.

In the meantime, Jackson Metropolis, the eighth-biggest metropolis within the US state of Tennessee, is choices for permitting its residents to pay property tax in Bitcoin. Furthermore, town’s workers are to be permitted to pay based mostly on the dollar-cost common (DCA) in BTC.

DCA is an funding technique by which an investor divides up the entire quantity to be invested throughout periodic purchases of a goal asset to cut back the influence of volatility on the general buy. 

Picture supply: Shutterstock





Source link

ShareTweetPin

Related Posts

California DMV to digitize car title management system via Tezos

by BNP
January 28, 2023
0

The California Division of Motor Automobiles (DMV) is testing out the digitization of automotive titles and title transfers by way...

U.S. Representative French Hill offers insights into digital asset regulations

by BNP
January 27, 2023
0

To ensure that "America stays the house for innovation in fintech and blockchain," the chairman of a lately established congressional...

Here’s how the World Economic Forum leaps into the metaverse — Davos 2023

by BNP
January 27, 2023
0

Web3 and the metaverse have been handed a seat on the desk of the World Financial Discussion board (WEF) in...

Binance, Galaxy Digital among secret stab for Celsius asset

by BNP
January 28, 2023
0

Crypto blogger Tiffany Fong has participated in paperwork she claims to have attained in late December detailing a number of...

Tesla refuses to sell any more Bitcoin

by BNP
January 27, 2023
0

Regardless of having already bought 75% of its Bitcoin (BTC) holdings throughout the second quarter of 2022, Tesla, an organization...

UK’s FCA hints at why its given only 15% of crypto firms the regulatory nod

by BNP
January 27, 2023
0

Regardless of the plans to show the area right into a bustling crypto hub, the UK’s monetary watchdog says it...

Load More
Next Post

Taproot: Bitcoin’s First Upgrade in Four Years | by JefeDix | The Capital | Jul, 2021

Bitcoin News Post

Get the latest Bitcoin news & Cryptocurrency updates from the world's top trusted sources.

  • Home
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © Bitcoin News Post.

No Result
View All Result
  • Home
  • Latest News
    • Crypto News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Ripple News
    • Litecoin News
  • Analysis
  • Blockchain
  • Exchanges
  • Business
  • Regulation

Copyright © Bitcoin News Post.

  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • RelevantRelevant(REL)$0.791.67%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183584-4.85%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%