Bitcoin Social Euphoria Hits Yearly High Amid CLARITY Act Buzz
The CLARITY Act’s landmark committee approval has sent Bitcoin sentiment soaring to its highest point in months. Related Reading: $10M Gone: Thorchain Exploit Triggers Security Fears Across DeFi Data from Santiment shows that bullish Bitcoin commentary on social media has climbed to one of its greediest readings of the year, with 1.55 bullish comments for […]
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The price of Bitcoin spiked by over 3.5% in the early days of Thursday, May 14th, following the advancement of the CLARITY Act by the US Senate Banking Committee. However, the flagship cryptocurrency soon reversed towards the downside, thereby raising more questions concerning what is happening within the market. Recent on-chain analysis has surfaced, diving […]
Crypto euphoria gets a reality check as bitcoin and ether tumble, though XRP is still trading well as SEC-inflicted damage proves limited.
Data shows that Bitcoin investors are showing a high amount of hype around the break above $30,000, something that may end up backfiring. Bitcoin Investors Are Showing High Levels Of Euphoria Currently According to data from the on-chain analytics firm Santiment, euphoria in the market is currently significantly more than what was observed following the break above the $25,000 level last month. The indicator of interest here is the “Social Volume,” which tells us about the degree of discussion that’s taking place around a specific topic (like Bitcoin or the cryptocurrency....
Bitcoin price is undoubtedly in a bull market hitting $16,000 for the first time in years, but a correction may be in order as euphoria is setting in. Bitcoin (BTC) is still showing strength with multiple attempts to break through $16,000 on Nov. 12. A new yearly high was established throughout the day with BTC price peaking at $16,150. This yearly high is more than 300% higher than the yearly low in March at $3,800. This is impressive momentum, particularly as the life is being drained from altcoins.Even Stan Druckenmiller acknowledged this week that he bought Bitcoin, expecting BTC to....
ZCash (ZEC) has been one of the highlight performers in the cryptocurrency market over the past few months. Although the general digital asset market has faltered in recent weeks, the privacy-focused cryptocurrency has continued to ascend to new price highs. While the large-cap assets have been waxing and waning in terms of market value, the price of ZCash has been on a tear in the past week, breaking into the list of the top-20 largest cryptocurrencies in the sector. Now, the latest on-chain data suggests that euphoria is setting in the ZEC market. ZCash Puell Multiple Hits New All-Time....