Bitcoin (BTC) Social Dominance Hits Yearly High Ahead Of Key Event
— Data, Ethereum, High, Prices, Discussions, Ahead, Social, Event, Hits, Crypto — 1 min read
Bitcoin’s Social Dominance metric has jumped yearly high according to Santiment. The last time such a high ratio of discussions was recorded in June last year. Bitcoin price is currently trading at $19,900, down 4% in the last 24 hours. Bitcoin (BTC) prices soar higher over the $22,000 level on July 8. The U.S. June CPI data is scheduled to be released tomorrow, July 13. The White House press secretary expects the inflation data to be “highly elevated” due to an increase in gasoline and food prices. However, the falling energy prices in July indicate improvement in the following months. The Fed may force the Fed to raise the interest rate by another 75 bps. Source