Bitcoin FUD and negative social sentiment typically precede a bounce

On-chain analytics provider Santiment asserts that Bitcoin and crypto assets tend to bounce when social sentiment indicates there is a lot of fear, uncertainty and doubt, which suggests that now is a buying opportunity. According to its Bitcoin weighted social sentiment against price chart, this is exactly what is currently going on. Since its weekend lows, Bitcoin prices have recovered around 2.4% to current levels. https://t.co/bFKcBHUDY4 1) Prices of $BTC and other #crypto assets tend to bounce most precipitously when the crowd is demonstrating a high level of FUD. This…

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DeFi tokens rebound with 19% bounce in 24 hours

After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours. According to Messari, 32 of 37 DeFi tokens are up today, posting gains of between 3% and 39.6%. Top 10 DeFi tokens by 24-hour performance: Messari Swerve (SWRV) tops the daily charts, followed by Yearn Finance (YFI) with a 37.6% gain, Loopring (LRC) with 29.9%, Aave (LEND) with 29.4%, and SushiSwap (SUSHI)…

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