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Anxious sentiment about the future prospects of bitcoin increased on Twitter


Bitcoin has made another leap this week. BTC capitalization exceeded $ 1 trillion for the first time since mid-February.

However, among Twitter users, anxiety has increased again. People again began to doubt that Bitcoin would hold above $ 50,000.

According to the Santiment team, the bearish sentiment on Twitter now resembles that of early October last year. Confidence in cryptocurrency has dropped once again. This trend was the result of the February sale. This can be exploited, say the researchers.

Note that in the middle of autumn 2020, bitcoin was trading in the region of 10,000. Only in December, the rapid ascent of the coin began, and it was able to end the year in the region of 28,000.

The trend could change sharply this week as the US Senate approved a $ 1.9 trillion stimulus program. Some observers believe it means. That ordinary Americans will receive will be able to direct them to purchase assets, including bitcoin.

Already at the end of last week, the number of posts dedicated to BTC increased sharply. In parallel, the number of mentions of the largest altcoins in the social network has grown.

According to the TIE platform, on March 5, over 70,600 posts about Bitcoin appeared on Twitter in a day. The second and third places in the popularity rating were taken by ether (ETH) and XRP. These coins received 20,900 and 7,400 tweets, respectively.

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