Bitcoin rises one spot in global asset market cap ranking, but social sentiment index nears four-year low
According to Odaily, 8MarketCap data shows that Bitcoin has slightly risen by one position in the global asset market capitalization ranking, now ranking fourteenth, with a current market cap reaching $1.36 trillions and a 24-hour increase of 3.29%. Additionally, according to crypto analyst Ali citing Santiment data on the X platform, Bitcoin's social sentiment index has reached its lowest point in nearly four years, indicating that retail investor panic has peaked. On the technical side, Bitcoin is approaching the 200-week moving average (currently at $58,000), which has served as the bear market bottom and accumulation zone multiple times over the past 12 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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