"Bitcoin ETF Anticipation Fuels Market Optimism and Crypto Stock Surge"
Originally Published 2 years ago — by CoinDesk
Amid a 5% drop in Bitcoin's price following rumors of a delayed U.S. spot bitcoin ETF launch, social media "Buy the Dip" mentions surged to their highest point since March 2021, according to Santiment data. This increase in mentions typically indicates bullish sentiment among traders, although historically it has also preceded further price declines. Despite the initial drop, Bitcoin recovered slightly, trading at $43,200 with a 0.8% gain on the day.