Bitcoin’s +11.5% week helps boost network activity | Santiment Weekly Report
The benchmark coin has logged in another strong week, soaring by +11.5% to climb above $52k for the first time in almost 4 months.
And while Bitcoin’s price continues to pump, a surprisingly dopey crowd reaction and fast-rising network activity may hold important clues to the sustainability of the rally.
In Santiment’s weekly Pro report, we dive deep into Bitcoin’s latest social and on-chain data, and what it suggests about the current state of the crypto market:
Away from the spotlight
As Bitcoin continues to get closer to price discovery, there’s been one element that has remained constant: the amount of retail interest (or lack thereof) in the top coin’s recovery.
According to data that Santiment collects from over 1000 crypto-related social media channels (Telegram, Reddit, Twitter and more), Bitcoin’s price rally has yet to actually translate into growing curiosity
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