 ▲ Bitcoin (BTC) |
Bitcoin (BTC), which exceeded $70,000 last week, shows no signs of breaking its all-time high. Currently, Bitcoin is trading around $69,000.
Likewise, Ethereum (ETH), which was expected to break its all-time high, is also showing a price trend that seems to be one step further from the $4,000 range.
What do the public think about Bitcoin and Ethereum? Let’s check it out with the big data analysis platform Some Trend.
 ▲ Source: Some Trend |
Bitcoin vs Ethereum, what is the trend in mention volume?
During the week from June 3 to June 9, Bitcoin was mentioned 749 times and Ethereum 296 times.
 ▲ Source: Some Trend |
 ▲ Source: Some Trend |
 ▲ Source: Some Trend |
 ▲ Source: Some Trend |
Bitcoin vs Ethereum, what are the images and key emotional words?
Bitcoin's image was confirmed to be positive, with 54% positive, 39% negative, and 7% neutral. Among the major emotional words, positive expressions include 'expectation', 'strong', 'positive', 'recovery', 'big upturn', 'big charm', and 'global'. Negative expressions include 'low level', 'crime', 'buy', 'low level', 'loss', and 'unclean', while neutral expressions include 'soaring' and 'pressure'.
Ethereum's image was confirmed to be positive, with 74% positive, 22% negative, and 4% neutral. Among the major emotional words, positive expressions include 'expectation', 'strong', 'reward', 'positive', 'profit', 'successful', 'stable', and 'high rate of return'. Negative expressions include 'low level', 'inflation', and 'loss', while neutral expressions include 'optimistic'.
Major issues related to Bitcoin and Ethereum
Bitcoin.com, a news platform specializing in blockchain, reported that when Bitcoin fell below $70,000, the kimchi premium phenomenon became noticeable on domestic virtual asset exchanges.
According to CryptoQuant's data, on June 9, when the global Bitcoin trading price was $69,288, it was traded at $71,130 on Upbit, 2.658% higher. Other domestic virtual asset exchanges such as Bithumb, Coinone, and Korbit were also traded at higher prices than global exchanges.
Cointelegraph, a cryptocurrency media outlet, cited data from an analyst operating under the pseudonym HODL15Capital, and reported that in the first week of June, the U.S. Bitcoin spot exchange-traded fund (ETF) absorbed two months' worth of Bitcoin mining volume. reported.
From June 3 to 7, inflows into 11 Bitcoin spot ETFs were recorded at approximately $1.83 billion. During the same period, Bitcoin mining volume was 3,150 BTC.
Nate Geraci, president of ETF Store, paid attention to HODL15 Capital's data and said that the total assets under management of the Bitcoin spot ETF are equivalent to 60% of the U.S. gold ETF.
According to virtual asset news media CoinGape, cryptocurrency analyst Ali Martinez noted the results of Glassnode's data analysis, which showed that the number of wallets holding more than 10,000 ETH increased by 3% over the past three weeks. Martinez believes that increased pressure to buy Ethereum has led to an increase in Ethereum accumulation addresses.
Another analyst, Caled Frazen, argued that Ethereum's current price trend is similar to its 2021 price trend. He explained that in 2021, Ethereum recorded an 83% rally in 50 days due to the fact that it did not fall below the support range, and expressed expectations for a rally in Ethereum.
Bitcoin and Ethereum, what are today’s prices?
As of 4:49 p.m. on June 10, the price of Bitcoin according to CoinMarketCap is $69,328.21, up 0.02% from the previous day, and the price of Ethereum is $3,662.71, down 0.7%.
