Bitcoin

when

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin crashed to the $56,000 price level in the past few days.</li>
 <li>A slight surge in terms like “bull market” was noted on social media platforms.</li>
 <li>There has been a “very mild rise” in the interest in the meme coins.</li>
</ul>
Bitcoin (BTC), the world’s leading cryptocurrency, experienced a significant decline in the past 24 hours, dropping 4.09% to $56,586 from a recent high of $61,000. This sharp downturn has reignited concerns of a potential bear market among investors.
As pointed out in a Santiment <a href="https://insights.santiment.net/read/signs-of-greed-and-fear-for-the-final-third-of-the-year-8081" target="_blank" rel="noopener noreferrer nofollow">feed</a>, the crash sparked a surge in the talks of “bear market” on social media platforms with this being the highest spike in crowd bear market discussions since the crashes on August 4th and August 5th when BTC dropped to lower $50K price levels. However, there has also been a slight uptick in positive sentiment, with terms like “bull market” appearing more frequently.
Notably, the current market crash failed to bring out the “buying the dip” sentiment in investors and “the crowd’s voices are mostly muffled this time around,” said “brianq” on Santiment’s feed. He observes that the usual signs of fear (around $40K-$45K) and greed (around $70K-$75K) a…
The post <a href="https://coinedition.com/bitcoin-dips-below-57k-bear-market-chatter-spikes-on-social-media/" rel="noopener noreferrer nofollow">Bitcoin Dips Below $57K, ‘Bear Market’ Chatter Spikes on Social Media</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Dips Below $57K, ‘Bear Market’ Chatter Spikes on Social Media

Coin Edition

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