- Mentions of 'cryptocurrency purchase' on SNS have reached an 8-month high.
- It is analyzed that mentions of purchases on SNS increased as Bitcoin fell to $95,500.
- It was stated that Bitcoin's market capitalization increased by 81% after Black Monday.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Mentions of 'cryptocurrency purchase' on social media services (SNS) have reached an 8-month high.
On the 20th (local time), Santiment reported on X, "Bitcoin (BTC) fell to $95,500, and mentions of cryptocurrency purchases on SNS reached an 8-month high," adding, "This ratio surged when Bitcoin plummeted on August 4th (Black Monday)." They further explained, "After Black Monday, Bitcoin's market capitalization increased by 81%."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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