Bitcoin Hits $111,900 Record as Media Coverage Dips
Bitcoin don reach new peak of $111,900 for Q2 2023 even though media coverage don drop reach the lowest level for months. Data wey come from COINOTAG and the Perception report show say only 2% of 1,116 crypto articles from 18 big outlets mention the milestone. The Wall Street Journal run two stories, while Financial Times and New York Times together publish 11. Media narratives divide into three groups: enthusiastic adopters, deliberate ignorers and persistent skeptics. This kind imbalance don create information asymmetry wey fit mislead investors. Meanwhile, coverage for DeFi, NFTs and altcoins don increase, showing say capital flows dey shift. Institutional Bitcoin ETFs and corporate treasury purchases dey continue to support Bitcoin mainstream adoption. Traders suppose dey track media trends together with on-chain metrics and ETF flows to balance bias. More diverse information landscape fit improve decision-making, but media slump fit reduce new user engagement and volatility for short term.
Bullish
Di news say Bitcoin reach record high of $111,900 while media coverage sharply fall show say bullish momentum dey continue. Institutional adoption through ETFs and corporate treasury purchases dey support the growing mainstream confidence. For short term, traders fit see more price increase wey come from ETF inflows and on-chain demand. Reduced media noise fit cool down volatility, provide steadier upward moves. For long term, sustained institutional support and more capital wey dey flow enter altcoins and blockchain projects mean say bullish trend dey happen. But media coverage drop fit slow down new retail involvement, wey fit limit parabolic moves.