Bitcoin's recent price recovery has taken traders' sentiment to levels not seen in the last 16 months, according to data tracking positive and negative comments on social media.

Santiment noted in an According to CoinMarketCap data, Bitcoin is currently trading at $67,708 and is up 6.22% since July 25.

According to Santiment's Weighted Sentiment Index, the rate of positive comments about Bitcoin is at the highest level since March 2023. This positive sentiment boost was further strengthened by former US President Donald Trump's speech at the Bitcoin 2024 Conference. Trump announced his goal of making the US the "crypto capital of the world" and predicted that Bitcoin would one day surpass gold.

The Crypto Fear and Greed Index has increased by 24 points since June 28, reaching a level of 71 "Greed". This is a big change from a month ago, when negative comments were heavy.

Do you think this positive sentiment will continue? Share your thoughts in the comments.