- The crypto community sentiment is still bullish on the current market.
- Bitcoin (BTC) and Ether (ETH) dropped.
Although Bitcoin surged past the important $50,000 mark for the first time in more than 3 months and dropped to around $46,000, the crypto community sentiment is still bullish.
Bitcoin bounced back toward $48,000 on Saturday as traders reacted to short-term oversold situations. More so, BTC is down by 3% over the past 24 hours. On the other hand, the second-largest crypto by market cap also is down with a 5% drop in Ethereum (ETH) during the same period.
However, this poor performance does not change the optimistic outlook of the crypto community.
Binance CEO Changpeng Zhao, also known as CZ, tweeted today, saying he is bullish. However, CZ’s tweet is unclear whether he is talking