• Fri, 19 Jul 2019, 04:15 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

US, UK dominate Twitter posts on bitcoin, Facebook's Libra cryptocurrency: Study

Image Credit: www.medium.com

Fri, 05 Jul 2019, 05:31 am UTC

The United States is leading the world in the number of tweets that talk about bitcoin and Facebook’s cryptocurrency project Libra, according to new research by crypto trading platform The TIE.

According to a new Twitter thread published on July 3, the United States accounted for 38.9% of the total bitcoin tweets, followed by the United Kingdom at 10.5%. Canada, Turkey, India, and Australia complete the top six countries that generate the most bitcoin discussion on the microblogging site.

In addition, the study also determined bitcoin sentiments. It found that of the countries with at least 0.5% of total bitcoin conversations, Peru was the most positive about crypto, followed by Malaysia, Indonesia, Vietnam, and Italy.

On the other hand, Venezuela has a more negative outlook on cryptocurrency, with 62% of its total tweets having a more negative tone. Mexico, Estonia, Brazil, and Ireland comprise the top five in descending order.

Meanwhile, 61.5% of bitcoin-related tweets from the United States are expressed in an “extremely positive” tone. In general, nearly 60% of the bitcoin tweets around the world are positive.

The TIE research also looked into tweets about Facebook’s controversial cryptocurrency project. Notably, the United States appears to have more interest with Libra at 43.8% compared with bitcoin at 39.8%. Still, the United Kingdom came in second with the volume of Libra posts, followed by France, Canada, and Australia.

As for the Libra sentiment trends, tweets from the United Kingdom are the most positive, while the United States and France tend to be much less positive.

Crypto analytics company Coin Metrics has also partnered with Social Market Analytics (SMA) to incorporate feed of real-time sentiments toward cryptocurrency based on data from social networking sites, in a bid to help crypto traders build their portfolio strategies.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,371.80 (-0.49%)
  • Ethereum (ETH) $218.13 (-2.53%)
  • XRP (XRP) $0.316300 (-1.93%)
  • Litecoin (LTC) $96.83 (-2.66%)
  • Bitcoin Cash (BCH) $302.33 (-3.46%)
  • Bitcoin (BTC) $10,371.80 (-0.49%)
Jul 19, 2019 (Friday)
11:17
Crypto Technicals: XRP/USD grinds lower along 200H SMA, break below 5-DMA to see further weakness
11:12
Binance Jersey announces listing of GBP-backed stablecoin ‘BGBP’
10:32
Rape and sexual harassment case against bitcoin developer blows up
10:15
New Jersey accuses blockchain firm Pocketinns of selling $410K unregistered securities
09:59
Crypto Technicals: LTC/USD struggles at 110-EMA, bias bearish
09:58
Blockchain firm Algorand joins International Swaps and Derivatives Association
09:22
Neo, Ontology partner to develop blockchain interoperability protocol
07:35
Consumer advocates call on Libra partners to withdraw collectively from Facebook's crypto project
07:31
Apple's Steve Wozniak invests in blockchain-based energy efficiency firm 'Efforce' in Malta
07:28
Cryptocurrency exchange ErisX joins U.S. Chamber of Digital Commerce
07:26
LibertyX exceeds 1,000 bitcoin ATMs in the U.S. via new partnership
06:59
Blockchain interest dropping, DLT in trouble?
06:37
Waves founder launches Waves Enterprise to develop corporate blockchain solutions
06:03
IRS goes after cryptocurrency users misreporting transactions
05:05
Facebook's Libra, other cryptocurrencies pose risk of global economic destabilization: G7
04:42
Anchorage receives charter to open crypto custody shop in South Dakota
04:27
Bank of Thailand's DLT-focused Project Inthanon advances to Phase III
Jul 18, 2019 (Thursday)
11:52
MOBI launches first vehicle identity standard on blockchain
11:49
FATF approves Japan’s plan to establish global network for crypto payments: Report
11:13
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intrday charts keeps scope for upside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft