Crypto Price Movements in October Contradict Crowd Sentiments | Crypto

Crypto Price Movements in October Contradict Crowd Sentiments

– According to the crypto market intelligence firm Santiment, although the long-term crowd sentiment has remained negative, swing trades in October have mostly been directed by how often bullish and bearish calls are happening.
– Santiment also revealed that when social platforms indicate that the sentiments in the markets are bearish, the prices of cryptocurrencies usually bounce. On the other hand, when the market sentiment is bullish, the opposite happens and prices drop.
– Looking at the biggest altcoin in the market, Ethereum (ETH), it is currently trading at $1,287.67 after a 0.31% drop in price over the last day. Just like Bitcoin (BTC), the altcoin is also down more than 5% over the last seven days. ETH has also weakened against BTC by about 0.22%.

Crypto Price Movements in October Contradict Crowd Sentiments

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