Bitcoin & Ethereum Social Sentiment Drops, XRP Shows Neutral Interest
Recent data indicates a decline in social media sentiment towards Bitcoin and Ethereum, while other altcoins like XRP show neutrality.
Key Observations:
- On-chain analytics firm Santiment reports a rise in bearish sentiment for Bitcoin and Ethereum on social media following a market crash.
- The Positive/Negative Sentiment metric shows that both BTC and ETH have reached some of their lowest levels in the past six months.
- This sentiment dip has historically coincided with local price bottoms, suggesting potential bullish signals.
- XRP and other altcoins display neutral sentiment, indicating apathy among social media users.
Current BTC Market Status:
- Bitcoin is currently trading at approximately $102,600, experiencing a 9% decrease over the past week.
