Summary
- Mentions of 'cryptocurrency purchase' on SNS have reached an 8-month high.
- It is analyzed that mentions of purchases on SNS increased as Bitcoin fell to $95,500.
- It was stated that Bitcoin's market capitalization increased by 81% after Black Monday.
Mentions of 'cryptocurrency purchase' on social media services (SNS) have reached an 8-month high.
On the 20th (local time), Santiment reported on X, "Bitcoin (BTC) fell to $95,500, and mentions of cryptocurrency purchases on SNS reached an 8-month high," adding, "This ratio surged when Bitcoin plummeted on August 4th (Black Monday)." They further explained, "After Black Monday, Bitcoin's market capitalization increased by 81%."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
