Jesse Pollak Talks About Making Cryptocurrency Terminology
A well-known personality in the cryptocurrency sector, Jesse Pollak, started a discussion on Twitter on April 21, 2025, by challenging the terms used in the community. In particular, ‘Can we just call them coins?’ he said. Significant market reactions resulted from this query; according to CoinMarketCap, the price of Bitcoin (BTC) increased by 2.3% to $71,423 at 14:30 UTC. At the same time, Ethereum (ETH) increased 1.8%, closing at $3,876. Within the hour after the tweet, the number of Bitcoin trades increased by 15%, suggesting increased market activity and interest. Major cryptocurrencies were not the only altcoins affected by the tweet; smaller altcoins like Solana (SOL) and Cardano (ADA) also had volume gains of 12% and 9%, respectively.
based on CryptoCompare data as of 14:45 UTC. As of 15:00 UTC, TradingView’s Relative Strength Index (RSI) for Bitcoin was 68, indicating that it was approaching overbought territory, while ETH’s RSI was 65. Active addresses for Bitcoin have climbed by 8% after the tweet, according to Glassnode’s on-chain data, suggesting greater participation. According to CoinGecko’s data, the overall market capitalization of cryptocurrencies increased by 2.1% to $2.3 trillion at 15:15 UTC. This change in the market highlights the power of influential people in the cryptocurrency field and their capacity to change market sentiment by posing straightforward terminology-related questions.
Jesse Pollak’ tweet had significant trading ramifications, especially for traders who prioritize sentiment-driven techniques. The quick spike in BTC and ETH prices indicates that traders took the tweet as a hint that the market was doing well. A wider level of market enthusiasm is reflected in the higher trading volumes across a variety of trading pairs, such as BTC/USD, ETH/USD, and altcoin pairs like SOL/BTC and ADA/ETH
. According to data from Binance, the volume of the BTC/USD pair increased by 17% at 15:30 UTC, while the volume of the ETH/USD pair increased by 14%. According to TradingView, the top band of the BTC Bollinger Bands reached $72,000 at 15:45 UTC, indicating higher volatility. At 16:00 UTC, the Moving Average Convergence Divergence (MACD) for ETH displayed a bullish crossover, adding to the optimistic outlook of the market.
According to Chainalysis’s on-chain measurements, the amount of ETH transactions has increased by 10% since the tweet, indicating that investors were actively participating in the market. The market’s response to a straightforward question regarding terminology emphasizes the value of sentiment analysis in cryptocurrency trading and the possibility of large market swings depending on the remarks of prominent people
.
Additional information about the market’s response to Jesse Pollak’s tweet was supplied by technical indicators. According to TradingView, around 16:15 UTC, the 50-day moving average for Bitcoin crossed above the 200-day moving average, indicating a “golden cross” and a robust bullish trend.
Within two hours of the tweet, Coinbase’s BTC trade volume climbed by 20%, reaching 15,000 BTC around 16:30 UTC, according to CoinMetrics statistics. At 16:45 UTC, the ETH RSI increased to 67, suggesting that the market was still getting close to overbought circumstances. According to Glassnode statistics, the on-chain metric of the MVRV ratio for Bitcoin was 3.5 at 17:00 UTC, indicating that the asset was in a profitable zone.
The tweet’s effect on trading volumes and market indicators emphasizes how important it is for traders to keep a careful eye on social media sentiment because it has the ability to influence market movements. An obvious illustration of how outside variables might affect trading tactics and market dynamics is the relationship between the tweet and the next market reactions.
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