FTX Déjà Vu? Surge In Crypto Hardware Wallet, Security Searches Spark Unease
Portfolio Pulse from Mehab Qureshi
Santiment has identified a surge in security-related keywords, suggesting heightened caution among crypto traders and investors. This follows concerns over Ledger's recent update, which shares encrypted fragments of users' seed phrases. Bitcoin reached a high of $27,500 before dipping to $26,400.
May 19, 2023 | 10:24 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bitcoin reached a high of $27,500 before experiencing a pullback to $26,400 amid security concerns and regulatory uncertainty.
The surge in security-related keywords and concerns over Ledger's update may cause short-term uncertainty in the crypto market. However, it is unclear if this will have a lasting impact on Bitcoin's price. Regulatory uncertainty also contributes to the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100