Retail Likes Crypto's #2 More Than its #1 For the Time Being
🇺🇸 As Jerome Powell speaks on the state of U.S. inflation, we are seeing two very different stories between Bitcoin and Ethereum.
🫣 Bitcoin mentions across social media show 1.3 bullish comments for every 1 bearish comment. This reflects the crowd's high association between $BTC and the stock market, with its success highly contingent on a healthy American economy.
🥳 Ethereum mentions across social media show 3.0 bullish comments for every 1 bearish comment. This is likely due to the fact that $ETH's market value has soared +41% in just under 4 weeks. For retailers, the average trader is now excited about crypto's #2 asset after largely sidestepping it for the past 3 years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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