NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Social Dominance Rate Of Bitcoin Marks An All-Time High in 2022

Denis
Denis
1 year ago
2 mins read
Social Dominance Rate Of Bitcoin Marks An All-Time High in 2022

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

With the recent trend in the crypto market, the world-leading digital asset seems to be getting attention. From the general price fall for all crypto tokens, Bitcoin is one of the assets that has seen a drastic cut in its value. BTC has plunged by over half of its value as of November 2021.

As a result, many participants in the industry have shown considerable concern and focus on the trend of BTC. Such attention to Bitcoin had invariably pushed the token to have a spike in its social dominance metric.

Data from Santiment revealed a rise in the yearly high for the BTC Social Dominance metric. The firm noted an increase in people’s interests and discussions concerning the most significant global crypto asset by market cap. It maintained that since June 2021, the Bitcoin vs. other crypto discussion ratio has skyrocketed on social media.

Suggested Reading | Ethereum (ETH) Continues To Lose Luster, Drops Below $1,100 Support

The rise is mainly linked to the drastic price dip as BTC recently hovers around the $20K level. This spike in social dominance is recorded historically as a positive indication for BTC and the broader crypto market. Also, the crypto bulls would benefit immensely from the rising trend.

Altcoins Have Different Sentiments

Most of the altcoins have different stories to tell. However, for Dogecoin and Shiba Inu, there are progressive strengths seen in their prices. This robust stance is due to the backing the tokens enjoy through increased whales’ transactions and new developmental additions.

But there is no significant price flows for some tokens like Ethereum, Cardano, Ripple, and Solana. Such dormancy has a solid link to the issues of insolvency and bankruptcy filing by some firms like Voyager Digital and Three Arrows Capital.

With the date for the U.S. CPI at hand, different folks have diverse opinions on the potential flow of cryptocurrency. Bitcoin and Ethereum record an increase in their discussion rates as reports expect price drops beyond support levels.

A survey by MLIV Pulse indicated only 40% of Wall Streets investors believe BTC’s price hitting the $30K level. The remaining 60% anticipate a drop up to $10,000 per BTC token.

Bitcoin Price And Sentiment Report

Through the little spike in sentiments, cryptocurrency prices significantly improved last week. As of July 8, Bitcoin prices hover through the $22,000 region. The volatility of crypto tokens is getting pronounced as the CPI date is quite close.

Suggested Reading | Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80?

The current prices for BTC and ETH are respectively above $19,000 and $1,068. They indicate a significant drop on the daily chart.

Social Dominance Rate Of Bitcoin Marks An All-Time High in 2022
BTC loses its foot ground, falls below $20,000 | Source: BTCUSD on TradingView.com

July 13 is the scheduled date for the U.S. June CPI data. The press secretary, Karine Jean-Pierre, anticipates increased inflation data since there was a rise in food prices and gasoline. But July’s experience of a drop in energy costs signifies a positive shift for the coming months.

Featured image from Pexels, chart from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

X

X Blows The Lid Off Bribe Scandal In Crypto Account Restorations

The Elon Musk-owned X social media platform has gone public with claims that a bribery network tried to pay its...

Christian Encila 6 hours ago
Bitcoin price

Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation

On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal...

Opeyemi Sule 6 hours ago
Cardano, ADA, Charles Hoskinson

ADA Holds $0.90 Support As Hoskinson Says Cardano Will ‘Break The Internet’

Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial...

Rubmar Garcia 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Total Illiquid Bitcoin Has Reached 72% Of Supply, What Does This Mean For Price?

Scott Matherson 1 hour ago
Bitcoin

Bitcoin Is ‘Digital Capital’ That Outpaces Traditional Assets—Michael Saylor

Christian Encila 3 hours ago
XRP

Pundit Predicts XRP Price Crash Below $3, Here’s Why

Scott Matherson 5 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    7 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Cele mai bune altcoin-uri de cumpărat, pe măsură ce...

    8 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Cele mai bune meme coin-uri de cumpărat acum, pe măsură...

    8 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Nejlepší meme coiny k nákupu nyní, když se tržní...

    9 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Nejlepší altcoiny k nákupu, když se cena Solany...

    9 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.