The surge in discussions on Twitter could indicate a growing interest in Bitcoin and Ethereum, despite their recent underwhelming performance in the past week.
According to CoinGecko, Bitcoin is currently trading at $26,780, experiencing a 4% decrease over the past seven days. Similarly, Ethereum saw a relatively smaller decline of 1.6%, with its price at $1,870.
This increase in social media conversations contrasts with the recent global trends in cryptocurrency interest. As reported by U.Today, excitement around cryptocurrencies has noticeably cooled off, with Google Trends data showing a decline in global interest to levels not seen since December 2020. This signifies a significant decrease in public engagement with the crypto space.
Despite the decrease in search interest, the upswing in Twitter discussions may indicate sustained or renewed interest among a specific group of internet users. It is worth noting that Twitter, known for its concise messages and real-time updates, has been a preferred platform for crypto enthusiasts and experts.
