Bitcoin Social Media Sentiment Hits Lowest Point Since February
- Social media bearishness for Bitcoin has reached a ratio of 0.81, the lowest since February 28.
- Currently, there are approximately five bearish comments for every four bullish comments across major platforms.
- Bitcoin is trading at $67,100, reflecting a decline of 5.53% over the past month.
- The Crypto Fear & Greed Index indicates “Extreme Fear,” with a score of just 12 as of Sunday.
- The US CLARITY Act is being closely monitored as a potential catalyst affecting Bitcoin’s price movement.
Recent data from Santiment shows that the overall sentiment in the cryptocurrency market remains low, which may influence trading strategies among Bitcoin holders. The current bearish outlook could signal a potential rebound if historical trends hold true.
As social media sentiment dips to its lowest level in weeks, Bitcoin’s price has also decreased by over five percent in the last month.(Source)
