Bitcoin

The sentiment in Bitcoin has turned positive, reaching its highest level in more than a year. The public comments on social media towards <a href="https://cryptotale.org/bitcoin-reserve-drop-signals-possible-price-surge-an-analysis/" rel="noopener noreferrer nofollow">Bitcoin</a> have increased in favor of the digital currency. This sudden positive sentiment can be attributed to the increasing global risks. The surge came after BlackRock, the largest asset manager with $9 trillion in assets, spoke on Bitcoin. They highlighted Bitcoin as one of the essential elements of contemporary international relations.<h2 id="header-0">Surge in Bitcoin’s Social Media Sentiment</h2>The recent Santiment data shows that there has been an increase in the number of tweets that have had ‘bullish sentiment’ in the last week. A shift in the positivity/negativity ratio has been observed to a greater extent than it has in over a year. Such a level of optimism indicates that traders may be having FOMO (fear of missing out), which can be a problem since prices tend to rise during such a time. This period of optimism can also be replaced by pessimism, fear, uncertainty, and doubt (FUD). Historically, the Bitcoin price reached an all-time high when the rest of the market showed signs of doubt rather than enthusiasm.On the other hand, <a href="https://cryptotale.org/vaneck-to-close-ethereum-futures-etf-deadline-in-september/" rel="noopener noreferrer nofollow">Ethereum’s</a> sentiment has risen only slightly higher. This comes against the backdrop of recent remarks by Ethereum’s co-founder Buterin, who voiced his concerns over the future scalability problems of Ethereum. Therefore, there is a more moderate outlook in Ethereum in comparison to the rapid growth of Bitcoin.<a href="https://cryptotale.org/bitcoin-sentiment-soars-as-blackrock-calls-it-a-global-hedge/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Sentiment Soars as BlackRock Calls It a Global Hedge

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