Bitcoin Traders Turn Bearish as Santiment Drops to 0.51 Over US Election Result

Santiment's Bitcoin sentiment ratio fell to 0.51 as negative commentary overtook bullish discussions. Democrats' control of House and Senate has raised uncertainty around the future of crypto friendly legislation. Google Trends recorded average Bitcoin search interest of 51 worldwide over the past month. Bitcoin sentiment has turned sharply bearish as the US midterm elections add uncertainty to crypto markets. Santiment data shows negative Bitcoin commentary nearly doubled positive discussions, with the ratio falling to 0.51 from 1.8 in just two weeks. Google Trends data also points to a sharp drop in public interest in Bitcoin and the wider crypto market.

Source: Coinpedia