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Bitcoin Presence on Twitter Reached New Height Before the Halving

Yiran Dai

Summary: With only five days left from the halving, Bitcoin’s social media presence has been exploding. According to data from BitInfoCharts, the number of Bitcoin Tweets have rocketed up by about 313% since January.

With only five days left from the halving, Bitcoin’s social media presence has been exploding. According to data from BitInfoCharts, the number of Bitcoin Tweets have rocketed up by about 313% since January. Last time Bitcoin witnessed a repetitive high volume of Twitter mentions was in 2018.

The soaring social media presence of Bitcoin may result from the currency’s increasing price and the upcoming halving. As of the writing, the digital currency has broken above $9,800 and is trading at $9,821 per Bitpush Market Data.

Per data from Glassnode, active addresses on Bitcoin have also expanded to a level last seen in 2017, which reflects growing adoption.

By Yiran Dai

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