Santiment's Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark.


Bitcoin (BTC) $64,530 has been facing an “extended level of FUD” on social media platform X amid sideways trading at the $65,000 mark, according to data from cryptocurrency intelligence platform Santiment.


“This extended level of FUD is rare, as traders continue to capitulate,” Santiment wrote in a June 20 X post. FUD stands for fear, uncertainty and doubt.

“The crowd is mainly fearful or disinterested toward Bitcoin as prices range between $65K to $66K,” it added.

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The percentages on deposits as of June 20

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TON ecosystem’s TVL hits $600m, despite Toncoin’s price dip to $7, sparking future optimism.

On June 17, 2024, the TON ecosystem achieved a significant milestone by reaching a $600 million in total value locked (TVL). This growth helped the blockchain register a 130% growth in just under a month. Many in crypto community are of the opinion that the network’s growth and current appeal is largely driven by the success of its mini apps.

However, despite this noteworthy development, Toncoin’s price nosedived on Tuesday. It fell by almost 10%, bottoming at $7. This happens to be its lowest level since June 12. As a result, Toncoin has slipped by more than 15% from its highest point.

Nevertheless, Toncoin enthusiasts believe that the setback is temporary and anticipate that positive movements are in store for the ecosystem and the coin.

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The percentages on deposits as of June 19

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CEO of Binance exchange Richard Teng believes that the bitcoin price could break through the $80,000 level by the end of 2024. His prediction is driven by sustained high demand in the face of shrinking supply in the market

"I think we are at the very beginning of this bullish cycle. [...] Last year was frankly a bad year, and we are still feeling the effects of that. But at the same time, there are certain differences in this cycle. One of them is that bitcoin hit an all-time high even before the halving," Teng noted.

The CEO of Binance emphasized that he did not expect such a thing. Therefore, he believes that the first cryptocurrency will again update the historic high before the end of 2024 at the level of $80,000.

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The percentages on deposits as of June 18

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