How Bitcoin [BTC] holders are proving to be in for the long haul

Source: Glassnode

Meanwhile, Bitcoin’s social dominance increased significantly from the fall on 5 July. This metric typically measures discussions around an asset compared to others in the top 100. The social dominance shine implied that Bitcoin might overcome upcoming influences from the macroeconomic sector. And this could turn into aLikewise, Bitcoin’s weighted sentiment

. According to Santiment, the weighted sentiment was -0.928. The metric takes into account unique social commentary about an asset.When it increases or jumps into the positive region, it suggests that the average perception is optimistic. But when it falls, it means that market participants are not elated by an asset’s performance.

Thus, BTC’s weighted sentiment means there was an improvement from the pessimistic nature of the previous month.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin: A 23% increase in market cap would lead BTC in this directionAs talks of a crypto market increase emerge, BTC's technical and on-chain outlook seem to be in tune.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin in July: With whales on the move, BTC can proceed this wayAs per Glassnode's update, more than 70% BTC holders were in a profitable position as of 4 July. However, the profit-gaining attitude could see traders selling their BTC at the ongoing price leaving the king of cryptocurrencies in a vulnerable spot.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Valkyrie becomes latest firm to refile spot BTC ETF naming Coinbase as SSA partnerAlternative asset management firm Valkyrie has become the latest issuer to re-file its application for a spot Bitcoin ETF naming Coinbase as the SSA exchange partner.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »