May 9
📈 Bitcoin's network saw 344,620 new wallets be created on its network as FOMO poured in. Crypto's top market cap asset has silenced bears, reaching a high of $103.8K for the first time since January. 👀
May 8
🎉The founder of Santiment, Maksim, is attending EthDam in Amsterdam between May 9th & 11th! Let us know if you will be attending in the comments of this post, or drop us a DM.
📈 Ethereum has provided a textbook example on how it pays to be a contrarian against the retail crowd. Following disappointing price performances following the Pectra upgrade yesterday, many traders sold off their ETH bags and instructed others to do the same in favor of various meme coins. However, the #2 market cap asset had other plans today following the crowd FUD.
The asset has cruised above $2,075 for the first time in over 6 weeks, leading top cap assets and rewarding those who have been patient with the notoriously under-performing asset.
Prices almost always move the opposite direction of retail's expectations. Monitor this chart to see when price extremes are being called below or above the current market level for $ETH.
🥳 Cryptocurrency has continued its rally, with Bitcoin breaching the all-important $100K psychological resistance for the first time since Feb. 3rd. Sentiment is quite bullish at the moment, which can be a double-edged sword for upcoming price movement from here.
On one hand, retail FOMO can add a bit of extra fuel to this rally as major media outlets spam Bitcoin's 3-month milestone and bring in many new entries to the space. On the other hand, we typically see rallies put on the brakes when there is an overwhelming amount of calls related to 'higher' or 'above' (in relation to crypto) like we're seeing now.
Track how the greed vs. fear calls are fluctuating in the coming days here. If prices get stagnant now, and sell calls begin to take over again, it would clear a pathway for Bitcoin's new all-time high.
How much has retail sentiment flipped back to bullish following crypto's remarkable turnaround? Is there enough whale firepower to justify $100K Bitcoin or potentially even $150K? We talk Santiment metrics with Equities Tracker in our latest video!
May 7
🇺🇸 BREAKING: The US Fed and Jerome Powell have confirmed that interest rates will be remaining the same, matching the crowd's expected outcome. Crypto markets have been mildly declining on this news, and Donald Trump's wish for lowered rates have been denied for now.
🗣️ According to social data across X, Reddit, Telegram, 4Chan, BitcoinTalk, & Farcaster, tariffs and Trump discussions have fallen considerably. In the meantime, there has been sizable uptick in AI Agents & altseason, as well as small rises in ETF and Real World Assets.
🧑💻 Here are crypto's top Solana ecosystem projects by development. Directional indicators represent each project's ranking rise or fall since last month:
➡️ 1) Solana $SOL 🥇
➡️ 2) Pyth $PYTH 🥈
📈 3) Helium $IOT 🥉
📈 4) Helium Mobile $MOBILE
📉 5) Wormhole $W
➡️ 6) Drift $DRIFT
📉 7) Neon $NEON
📈 8) Jito $JTO
📉 9) Swarms $SWARMS
📈 10) Orca $ORCA
Read about Santiment's methodology for covering development activity for each project, objectively, using enhanced github event data.
💸 As traders brace for the upcoming FOMC decision, a major positive that crypto won't see a serious drop is the fact that Bitcoin ETF inflow money has been sky-high since mid-April. Since April 16th, there has been $5.13B moved into collective BTC ETF's, pumping markets.