Multiple data points suggest Bitcoin’s 2017-style bull run has begun
Cointelegraph
Published Oct 14, 2020 12:26PM ET
Updated Oct 14, 2020 02:00PM ET
Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data show a noticeable shift in market sentiment around the digital asset.
According to data from TheTie, an alternative data provider for digital assets, the daily sentiment score for Bitcoin has reached 62.4. The metric measures the tone of conversations in Twitter to derive positive or negative sentiment in the market, and any score above 50 implies that market sentiment is positive.
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Written By: Cointelegraph
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