By Davis Byrne (US)
Bitcoin’s social media engagements continue to climb high in 2020 as it has set another 2020 high. This update is reported by LunarCRUSH. It is a crypto data platform whose job is to update and provide data about crypto social media engagements.
According to the report of LunarCRUSH, Bitcoin’s social media engagements have climbed to another 2020 high by reaching 319,636,032 unique engagements.
UPDATE: Bitcoin social engagement continues to climb with 319,636,032 unique engagements, marking another 2020 high. https://t.co/NPMoLfqZLr $btc #bitcoin https://t.co/IkkvN1k7O7 pic.twitter.com/d4OdjemxHc
— LunarCrush Analytics (@LunarCrush) January 28, 2020
Google Searches for Bitcoin halving has been growing up
In the previous year, Google searches for Bitcoin and Bitcoin halving have been growing up according to the report of Norwegian crypto firm Arcane Research. The report also explains that the market sentiments have come back to the neutral state.
There is a correlation between bitcoin Google searches and the price of Bitcoin. If there is a rise in the Bitcoin social media engagements it means that it will positively affect the price value of Bitcoin. So this increase in Bitcoin social media engagements is actually good news for bitcoin investors.
Also read:Bitcoin halving is 108 days away
The upcoming Bitcoin halving event that is set to happen in May 2020 is now just 108 days away. This is considered to be a very significant event in Bitcoin history. It is expected that May 2020 bitcoin halving will boost up the price value of the world’s leading digital asset.
Bitcoin investors are eagerly waiting for this event and are hoping that this event will start a huge bullish rally for Bitcoin and if it happens then bitcoin might set another all-time high like 2017. At the time of writing, the price value of the coin is standing at $9,066.89 USD with a change of 4.33% in 24 hours.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.