Crypto Investors are Still Buying the Dip

The cryptocurrency market lost another $500B in market cap over the weekend, but LikeFolio data shows that investors have never been more eager to buy. Consumer Mentions of purchasing or investing in cryptocurrencies have soared to a new all-time high level, +262% QoQ on a 7-day moving average and more than +300% above the highs seen during the 2018 crash.

This bullish sentiment might explain the recent bounce in the market at large, which has gained +27% in the past 12 hours.