RATE Group | Here’s how Bitcoin sentiment changed over the halving
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Here’s how Bitcoin sentiment changed over the halving

15 May Here’s how Bitcoin sentiment changed over the halving

Posted at 18:12h in Bitcoin News by

Bitcoin sentiment held strong during the halving, despite a flash crash days prior and a lackluster show of events on the day itself, according to Joshua Frank, co-founder, and CEO of data analytics platform, The Tie.

“The event remains the dominant narrative for Bitcoin.” Frank told Decrypt, “The Halving continues to be the most used word in Twitter conversations around Bitcoin, and 65% of the 4,119 tweets over the last 24 hours mentioning the Halving are positive. This is in addition to the more than one and a half thousand tweets using the hashtags #BitcoinHalving and #BitcoinHalving2020 which are both over 70% positive.”

Bitcoin sentiment: Twitter 24 hour word chart. Image: The Tie.

Before the halving, Bitcoin sentiment had struck a yearly high. This was shortly before its climb to $10,000 on May 7. Nevertheless, the positivity was short-lived. Sentiment turned sour just two days before Bitcoin’s big day, when the price suddenly dropped.

“On [May] 9th, as Bitcoin’s price…

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