FOMO

Bitcoin

when

<ul class="news-points"> 
 <li>Bitcoin dip below $67K sparked surge in buying.</li> 
 <li>Second-largest buying increase in two months.</li> 
 <li>FOMO, dip-buying, and economic factors influence Bitcoin’s price.</li> 
</ul> 
Bitcoin’s second dip below $67,000 this week sparked a frenzy of buying, marking the second-largest surge in crowd interest in two months. Did FOMO or bargain-hunting fuel this buying spree? Or perhaps a mix of both? 
According to the<a href="https://x.com/santimentfeed/status/1801428318493020515" target="_blank" rel="nofollow"> data</a> provided by blockchain analysis platform Santiment in an X post, Bitcoin’s price falling below $67,000 resulted in a greed sentiment in the market.&nbsp; 
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f911.png" alt="🤑" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bitcoin's second stop below $67K Thursday resulted in the 2nd largest spike in crowd <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> buying interest in the past 2 months. FOMO and greed comes in two ways: 1) Price erupts and traders want to jump in with hopes of prices continue climbing (as we saw on May 20th) 2)… <a href="https://t.co/44O8Y3kSiD" target="_blank" rel="nofollow">pic.twitter.com/44O8Y3kSiD</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1801428318493020515?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 14, 2024</a>
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Santiment stated that greed and the fear of missing out arise in the market under only two conditions. The first condition is when “price erupts and traders want to jump in with hopes of prices continuing to climb,” a situation seen on May 20th when Bitcoin reclaimed the …
The post <a href="https://coinedition.com/bitcoin-dips-below-67k-again-investors-buy/">Bitcoin Dips Below $67K Again, Investors Buy</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Dips Below $67K Again, Investors Buy

Coin Edition

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