{"id":45686,"date":"2019-06-25T04:30:24","date_gmt":"2019-06-25T02:30:24","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=45686"},"modified":"2020-02-19T01:56:34","modified_gmt":"2020-02-18T23:56:34","slug":"bitcoin-rocketing-past-10000-massive-increase-interest","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/bitcoin-rocketing-past-10000-massive-increase-interest\/","title":{"rendered":"Bitcoin (BTC) Rocketing Past $10,000 Led to Massive Increase in Interest"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Bitcoin Foray Past $10,000 Unleashes FOMO<\/strong><\/h2>\n\n\n\n<p>Ever since Bitcoin (BTC) passed $10,000 on Friday or on Saturday morning (depending on what time zone you&#8217;re in), there&#8217;s been a buzz felt within the cryptocurrency community. <\/p>\n\n\n\n<p>Investors are euphoric, mainstream media coverage (<a href=\"https:\/\/ethereumworldnews.com\/bitcoin-hit-20000-again-cnbc-brian-kelly\/\">CNBC<\/a>, Bloomberg, Forbes, Financial Post, Reuters, etc.) is back, and cynics are beginning to double-down on their hate for BTC \u2014 a telltale sign that they&#8217;re experiencing disbelief.<\/p>\n\n\n\n<p>This isn&#8217;t blatant postulation. As crypto-centric analytics service The TIE points out, once Bitcoin moved past $10,000 for the first time since March 2018, the number of BTC-related tweets spiked. In fact, the analysts at The TIE suggest that on June 22nd, there were over 50,000 Bitcoin-related tweets \u2014 the highest this figure has been in 489 days (February 20th, 2018). <\/p>\n\n\n\n<p>In previous analyses, the firm has also indicated that sentiment regarding Bitcoin is on the rise too, with a majority of tweets mentioning the cryptocurrency containing bullish keywords. This, too, bodes well for bulls. <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">After Bitcoin hit $10,000 for the first time since March 6th 2018, tweets on BTC saw a massive spike<br><br>Bitcoin tweets on June 22nd rose to their highest levels in 489 days (February 20th 2018)<br><br>The red line below shows the trend in daily tweet volume <a href=\"https:\/\/t.co\/qodgXd7XvB\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/qodgXd7XvB<\/a><\/p>&mdash; The TIE (@TheTIEIO) <a href=\"https:\/\/twitter.com\/TheTIEIO\/status\/1143269340579422208?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">June 24, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>At the same time, the 22nd saw <a href=\"https:\/\/ethereumworldnews.com\/bitmex-ceo-hayes-right-bitcoin-surges-past-10700\/\">BitMEX <\/a>register its highest volume day in its history \u2014 crazy. The pairs on the mercantile exchange, known for its offering of 100x leverage, traded over $8 billion worth of value \u2014 then accounting for 10% of all volumes registered on <a href=\"https:\/\/coinmarketcap.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Coin Market Cap<\/a>. <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Congratulations bitcoin traders.<br><br>We just put in the highest volume day in <a href=\"https:\/\/twitter.com\/Bitmexdotcom?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@BitMEXdotcom<\/a>&#39;s history.<br><br>On a Saturday.<a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#btc<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/btcusd?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#btcusd<\/a> <a href=\"https:\/\/t.co\/nxcIbxg9zw\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/nxcIbxg9zw<\/a><\/p>&mdash; Joe McCann (@joemccann) <a href=\"https:\/\/twitter.com\/joemccann\/status\/1142584030627393536?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">June 23, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Considering that Bitcoin has already seen some zany days this year and last, the fact that this most recent rally, which brought BTC from $9,200 to around $10,400 in a day\u2019s time, resulted in monumentally large volumes only corroborates the validity of this uptrend.<\/p>\n\n\n\n<p>What&#8217;s also important is that search interest for &#8220;Bitcoin&#8221;, as defined by Google, has begun to trend higher yet again after petering off in early-June. Interest is still about 20% from the all-time highs seen in early-May, but this trend is a sign that BTC is returning to the mainstream spotlight after a year of non-action. <\/p>\n\n\n\n<p>These key sentiment &amp; interest statistics, in the eyes of many analysts, confirm that at long last, the so-called &#8220;fear of missing out (<a href=\"https:\/\/ethereumworldnews.com\/expect-a-bitcoin-btc-fomo-after-2020-halving\/\">FOMO<\/a>)&#8221; is starting to materialize in this market once again. The last time this occurred on a large scale was seemingly in late-2017, which was when BTC was well on its way to $20,000 on the back of hype, hype, and more hype. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<p>So, now that we have established that the move past $10,000 unleashed FOMO in the underbelly of the cryptocurrency market, what&#8217;s a fair price target? <\/p>\n\n\n\n<p>According to Tyler Winklevoss, one of the two titular twins of &#8220;The Bitcoin Billionaires&#8221; and the co-founder of Gemini Exchange, $15,000 is in Bitcoin&#8217;s short-term scopes. Per <a href=\"https:\/\/ethereumworldnews.com\/bitcoin-hits-analysts-expect-whats-next\/\">previous reports from this very outlet<\/a>, the Winklevoss brother  claimed that once the cryptocurrency surmounts $10,000, \u201cyou can be it\u2019s going to break $15,000.\u201d <\/p>\n\n\n\n<p>Some, however, have been even more optimistic. Thomas Lee of Fundstrat fame once opined that there will be a \u201cfast and furious\u201d move to $20,000 following a break and close above $10,000. And from there, Bitcoin will double in the next five months, reaching $40,000 in a jaw-dropping move. <\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">Photo by\u00a0<a href=\"https:\/\/unsplash.com\/@goian?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow noopener\" target=\"_blank\">Ian Schneider<\/a>\u00a0on\u00a0<a href=\"https:\/\/unsplash.com\/search\/photos\/bright?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow noopener\" target=\"_blank\">Unsplash<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Foray Past $10,000 Unleashes FOMO Ever since Bitcoin (BTC) passed $10,000 on Friday or on Saturday morning (depending on what time zone you&#8217;re in), there&#8217;s been a buzz felt within the cryptocurrency community. Investors are euphoric, mainstream media coverage (CNBC, Bloomberg, Forbes, Financial Post, Reuters, etc.) is back, and cynics are beginning to double-down on their hate for BTC \u2014 a telltale sign that they&#8217;re experiencing disbelief. This isn&#8217;t blatant postulation. As crypto-centric analytics service The TIE points out, [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":45687,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[188,1233,48,83,162,270],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/45686"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=45686"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/45686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/45687"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=45686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=45686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=45686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}