Block Research notes surge of Twitter users' interest in BTC

by in Cryptocurrency News


The Block Research team found that in February 2021, the number of mentions of bitcoin on Twitter rose to a record high. This trend is directly related to the strengthening of the BTC rate.

Recall that at the end of last week, the largest digital currency exceeded $ 58,000, today the coin fell back to $ 56,300. Bitcoin periodically renews highs throughout the current month.

A Block Research survey says that for the week ending February 14, there were approximately 675,000 Twitter posts dedicated to Bitcoin. Compared to the peak recorded in mid-January, the number of bitcoin tweets increased by 17.2%.

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Last month, social media users dedicated BTC to a peak of around $ 576,000.

In parallel, there has been an increase in the interest of Twitter users in the ether (ETH). However, if you look at the graph presented by the researchers, you can see that the growth in the number of posts dedicated to ETH is more modest compared to Bitcoin.

February also saw a significant increase in the number of cryptocurrency exchanges' Twitter followers. As of the middle of this month, the number of subscribers has grown by another 150,000. The last time about the same surge was observed in January 2018, analysts say.