LunarCrash experts: social engagement around bitcoin is still low

The chart by researchers from LunarCrash shows that the price of digital gold rose by 1.34%, reaching the level of $93,835. The market capitalization also increased, adding $22.85 billion to reach $1.85 trillion, highlighting the stable investor interest and positive dynamics of the asset. Experts note that the dominance of BTC is 59.17%. The indicator has decreased by 0.98% in the last hour. This indicates a slight redistribution of capital towards other cryptocurrencies. The contrast with social activity is interesting. Despite the 2.2% increase, bitcoin’s social dominance rate remains at 20%. This is well below historical highs that reached as high as 78%. The

trading volume increased by 6.16%, reaching $777.56 billion. This indicates increased activity in the

market.

At the same time, the level of volatility remained almost unchanged, which may indicate the stability of current trends.

Experts suggest that the low level of social dominance may be both a risk and an opportunity for further growth. If the attention of users and media focuses on bitcoin again, it may support further rise in the price of the cryptocurrency asset. Specialists also note that against the background of the launch of options on spot bitcoin-ETFs in the United States, the interest of institutional participants continues to increase, which will be a catalyst for the continued growth of quotes of the digital coin. Thus, bitcoin remains a key participant in the cryptocurrency market. However, to continue the growth of the rate, it is necessary not only to maintain financial indicators, but also to activate public attention to the asset.