Data show: Bitcoin's 30-day average tweet reached an eight-month high at the end of May

According to Forbes news, as bitcoin prices soared in May, investor sentiment was more optimistic, and the popularity of social media was also growing, further pushing up the price of Bitcoin. TheTie data from the cryptocurrency analysis platform showed that the average amount of tweets in 30 days continued to grow and reached an eight-month high on May 28. According to Joshua Frank, co-founder of TheTie, the number of tweets is closely related to the market value of Bitcoin. The correlation between the 30-day average tweet and the market value of Bitcoin is 0.86.