BTC’s Social Dominance Continues To Surge Amid Anticipation of BTC ETF Approval
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- BTC’s social dominance and social volume increased in the short-term period.
- Apart from social dominance and social volume, traders have been purchasing BTC aggressively in anticipation of the upcoming approval.
- BTC is priced at $46,773.13, and its market cap is valued at $916,708,151,199.
As the crypto community continues to anticipate the approval of BTC spot ETFs, Santiment, a market on-chain analytics platform, reported that Bitcoin’s social dominance and social volume increased in the short-term period.
Looking at Santiment’s chart, Bitcoin ETF optimism spiked to the highest level since the start of the bully rally in mid-October. Furthermore, it was pointed out that the top five trending keywords on social platforms dominated by ETF discussions are — etf, btc, week, approval, and btcetf.
Apart from social dominance and social volume, traders have been purchasing BTC aggressively in anticipation of the upcoming approval, which has influenced the prices of the crypto leader to experience a surge. One of the main reasons behind the aggressive buy is mostly due to expectations that several ETF applications woul…
The post BTC’s Social Dominance Continues To Surge Amid Anticipation of BTC ETF Approval appeared first on Coin Edition.
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