Bitcoin’s recent surge has made investors feel pretty optimistic, but one crypto analytics firm thinks it’s time for a correction.
Santiment, a company that tracks crypto market data, says that the hype around Bitcoin has reached “greedy” levels. This often means that the price is about to take a dip. They say that this could happen today, this weekend, or even in the next few weeks.
“Don’t expect to be able to buy Bitcoin at $50,000 or $60,000 again unless the global economy starts showing some serious problems,” Santiment warned.
Ethereum’s fees are rising, but that doesn’t seem to be affecting people’s interest in the cryptocurrency.
While rising fees can sometimes signal that a market is nearing a peak, Santiment says that the current increase in Ethereum fees is just a sign of healthy growth in the Ethereum ecosystem.
“It’s not something to worry about right now,” they said.
Disclaimer: This information is not financial advice. Do your own research before investing in cryptocurrencies.
/p>
