- Bitcoin’s social activity dropped to its lowest in the year.
- BTC remained in the $61,000 price zone.
Recent data indicates that Bitcoin [BTC] has experienced its lowest level of social activity. However, despite this decline, Bitcoin still maintains a significant presence in discussions within the crypto space.
The network remains active, indicating ongoing engagement and participation despite the decrease in social activity.
Bitcoin social activity sees a yearly low
Per data from LunarCrush, there was a decline in the social activity surrounding Bitcoin. This is significant, as it marks the first time this year that social activity has fallen to such levels.
The chart illustrated that social activity was at approximately 98 million at press time, approaching a critical threshold.
This decrease could be attributed to the recent decline in BTC’s price, with the cryptocurrency struggling to maintain the $61,000 price range.
Other Bitcoin social metrics show decent movements
AMBCrypto’s analysis of the Social Dominance on Santiment indicated that Bitcoin continued to maintain a significant portion of dominance in discussions within the cryptocurrency space.
The chart also revealed that between the previous trading session and press time, BTC’s Social Dominance has remained within the 26% range.
However, there has been a slight change, with Social Dominance shifting from 26.21% to 26.42% at the time of this writing.
Source: Santiment
The Social Volume concluded the 8th of May with a count of 4,622. While this number is not the highest observed this year, it also is not the lowest.
Overall, this suggests that despite the reported decline in social activity, Bitcoin continued to maintain a substantial presence in cryptocurrency discussions.
24-hour active addresses show good enough activity
AMBCrypto’s look at Bitcoin’s 24-hour active addresses chart indicated a recent decline compared to activity levels observed earlier in the month and the previous month.
As of this writing, the number of active addresses was around 721,000, signifying a considerable volume of activity on the network despite the recent dip.
Source: Santiment
BTC catches a breather — for now
At the time of writing, Bitcoin was trading at around $61,550, marking a roughly 0.7% increase on a daily timeframe chart.
Read Bitcoin’s [BTC] Price Prediction 2024-25
This positive price movement is notable as it contrasts with the recent days of decline, suggesting that buyers currently have the upper hand.
While it remains uncertain how the day’s trading session will conclude, this slight uptrend is likely to draw in more traders, potentially influencing market dynamics.
Source: TradingView
Hi! This is my first visit to your blog! We are a team of volunteers and starting a new project in a community in the same niche. Your blog provided us beneficial information to work on. You have done a marvellous job!
There is noticeably a bundle to know about this. I assume you made certain nice points in features also.
whoah this weblog is great i love studying your articles. Stay up the great paintings! You know, many persons are looking round for this info, you could aid them greatly.
I reckon something genuinely interesting about your blog so I saved to fav.
can i buy cheap clomid without prescription clomiphene tablets for sale where to buy cheap clomid can you get clomiphene online clomiphene medication can i purchase clomiphene without rx how can i get clomiphene pill
This is the stripe of glad I have reading.
This is a topic which is forthcoming to my verve… Diverse thanks! Exactly where can I find the contact details due to the fact that questions?
order zithromax for sale – flagyl pills metronidazole 200mg pills
buy semaglutide – cyproheptadine pills buy cyproheptadine for sale
order domperidone 10mg pill – purchase sumycin online cheap buy cyclobenzaprine 15mg pill
buy cheap propranolol – inderal ca buy methotrexate pills for sale
amoxicillin medication – buy amoxil generic combivent 100mcg oral
buy generic zithromax 250mg – oral zithromax nebivolol 20mg sale
order amoxiclav generic – https://atbioinfo.com/ how to buy ampicillin
order nexium 20mg without prescription – anexamate.com buy nexium tablets
coumadin 2mg price – https://coumamide.com/ order losartan pill
buy mobic 7.5mg sale – https://moboxsin.com/ buy meloxicam pills for sale
I would like to thnkx for the efforts you have put in writing this web site. I’m hoping the same high-grade website post from you in the upcoming as well. In fact your creative writing abilities has encouraged me to get my own site now. Actually the blogging is spreading its wings quickly. Your write up is a good example of it.
prednisone pill – aprep lson buy generic prednisone 20mg
best ed pills – https://fastedtotake.com/ ed pills cheap
cost amoxil – comba moxi buy amoxil tablets
order fluconazole 100mg online cheap – https://gpdifluca.com/ buy forcan no prescription
buy cenforce online – cenforce without prescription cenforce 50mg generic
cialis canadian pharmacy – ciltad gn liquid tadalafil research chemical
zantac 150mg over the counter – https://aranitidine.com/ ranitidine sale
how long does cialis stay in your system – https://strongtadafl.com/# letairis and tadalafil
More posts like this would add up to the online time more useful. https://gnolvade.com/
buy viagra real – sildenafil citrate 100 mg tab cheap viagra online india
Proof blog you possess here.. It’s hard to assign elevated calibre writing like yours these days. I justifiably comprehend individuals like you! Rent mindfulness!! zithromax online
This is a topic which is forthcoming to my fundamentals… Myriad thanks! Faithfully where can I find the contact details due to the fact that questions? https://ursxdol.com/cenforce-100-200-mg-ed/
This is the make of advise I turn up helpful. https://prohnrg.com/product/atenolol-50-mg-online/
Hey very cool blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…I’m happy to find numerous useful information here in the post, we need work out more techniques in this regard, thanks for sharing. . . . . .
I am actually thrilled to glance at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. prix viagra en pharmacie
More articles like this would frame the blogosphere richer. https://ondactone.com/spironolactone/
Thanks for sharing. It’s acme quality. https://myrsporta.ru/forums/users/yiazt-2/
buy dapagliflozin without prescription – janozin.com buy dapagliflozin online cheap
Wow! This can be one particular of the most useful blogs We’ve ever arrive across on this subject. Basically Fantastic. I am also a specialist in this topic so I can understand your hard work.
I think this is one of the most significant info for me. And i am glad reading your article. But want to remark on few general things, The site style is great, the articles is really excellent : D. Good job, cheers
Its superb as your other content : D, regards for putting up. “A lost battle is a battle one thinks one has lost.” by Ferdinand Foch.
buy xenical pills for sale – https://asacostat.com/# orlistat us
I’m still learning from you, while I’m making my way to the top as well. I absolutely enjoy reading everything that is written on your site.Keep the posts coming. I liked it!