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Bitcoin Popularity Hits 2-months High, as the Price Hovers Around $19k.




Amidst market downtrend Bitcoin’s popularity has recently risen to 2-months high.

Currently trading at $18.8k Bitcoin is down 1.4% in the day. Over the month, however, the coin has lost value by a much more significant percentage. In the meantime the premier cryptocurrency has gone down by 12.5%.

After hitting a multi-week high of $22.7k on Sep 18th, Bitcoin is trading below $20k. During the 8-days period, Bitcoin has grown down by 6.1%, with average price remaining at $19.07k.

It is amidst this market downtrend that Bitcoin’s popularity has seen a significant rise. As per the chart tweeted by on-chain analytics firm Sentiment, Bitcoin’s popularity relative to other top 100 altcoin recently hit a two month high as over 26% of all the discussions on the social media, that involves top 100 cryptocurrencies, were about Bitcoin.

Sharing the chart the Sentiment had stated that the firm’s backtesting shows 20%+ dedicated to Bitcoin is a positive for the sector.  The chart also highlighted:

“BTC Weighted Social Sentiment Shows an Extreme Level of FUD, Which Typically Leads to Rises.”

Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted her career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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