Bitcoin Rating Shoots Up To Highest Since 2017 After Halving

Bitcoin Rating Shoots Up To Highest Since 2017 After Halving

Crypto data firm The TIE released data showcasing the optimistic tweets concerning Bitcoin rewards halving at their record peak.

Bitcoin's Post-Halving Rating has risen to its peak since 2017

Data from The TIE shows that seven days after the BTC halving, investors are more optimistic concerning the crypto than ever before in the last 2.5 years.

Their CEO Joshua Frank stated that the 30-day average daily sentiment rate – the number of favorable feedback against the negative – is one of the highest seen.

Additionally, the BTC’s average 30-day tweet volumes were also at a record high for 2020. There were over 30k tweets about the crypto on May 17, with words like “Bitcoin,” “gold,” “trading,” and “halving”. Even Elon Musk and JK Rowling mentioned the currency.

Bitcoin's Post-Halving Rating has risen to its peak since 2017

Bitcoin about to push the price up?

The CEO of The TIE highlighted that the info made the marketplace seem very bullish concerning Bitcoin. With most of the words used by investors on Twitter on May 18 being optimistic. The company saw a link between BTC’s price and mentions of its halving even before the event occurred.

The halving was a great happening for Bitcoin. The crypto-craze is coming out again as popular in these uncertain pandemic times.