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Crypto Community Sentiment Stays Bullish on Current Market

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Crypto Community Sentiment Stays Bullish on Current Market
  • The crypto community sentiment is still bullish on the current market.
  • Bitcoin (BTC) and Ether (ETH) dropped.

Although Bitcoin surged past the important $50,000 mark for the first time in more than 3 months and dropped to around $46,000, the crypto community sentiment is still bullish.

Bitcoin bounced back toward $48,000 on Saturday as traders reacted to short-term oversold situations. More so, BTC is down by 3% over the past 24 hours. On the other hand, the second-largest crypto by market cap also is down with a 5% drop in Ethereum (ETH) during the same period.

However, this poor performance does not change the optimistic outlook of the crypto community.

Binance CEO Changpeng Zhao, also known as CZ, tweeted today, saying he is bullish. However, CZ’s tweet is unclear whether he is talking about Binance Coin (BNB), Bitcoin, or crypto in general.

On the other hand, Simon Dedic, a managing partner at Moonrock Capital is also bullish on ETH. Moonrock is a blockchain platform advisory and investment firm based in London and Hamburg. In addition, Dedic said,

ETH new ATH within the next 1-2 months followed by a parabolic altcoins season. Seems pretty obvious.

Additionally, Dedic got many comments on Twitter. An account replied, saying that it is obvious because everyone sees it. “That’s how markets work. If a majority of everyone thinks something will happen, then surely it does. Just seems pretty obvious. Only time will tell,” the user added.



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