% 2.22
BTC Dominance:
% 0.09
Market Cap:
$2.13 T
% 0.20
Fear & Greed:
25 / 100
$ 58.767
BTC Dominance:
% 53.3
Market Cap:
$2.13 T

Bull Season or Not?

Bull Vs Bear, Bitcoin

Despite the recent market downturn, a survey by CoinGecko of over 2,500 participants suggests that crypto investors and observers remain optimistic about the market’s future.

Conducted between June 25 and July 8, the survey polled 2,558 individuals, with 94% of respondents indicating they have investments in cryptocurrencies. Among the participants, 49.3% expressed a relatively positive outlook for the industry. While nearly a quarter of respondents were split between “bearish” and “somewhat bearish,” another quarter identified as “neutral,” indicating no significant upward or downward movement is expected in the market.

Positive Sentiment Persists Despite Market Volatility

CoinGecko research analyst Lim Yu Qian stated, “The large proportion of neutral sentiment reflects investors’ uncertainty about the direction of the cryptocurrency market.”

Among the four survey groups (investors, traders, developers, and observers), traders were the most pessimistic about crypto, while long-term investors emerged as the most optimistic group, followed closely by those working in the crypto space.

Bitcoin Price Movements and Market Outlook

Bitcoin has fallen by approximately 9.5% since the halving on April 20, when mining rewards were cut in half. Bitcoin is currently trading around $57,585, up slightly from last week’s four-month low of under $54,000.

Historically, Bitcoin halvings, which occur roughly every four years, have had a positive impact on its price. However, the market continues to be pressured by the failed crypto exchange Mt. Gox and regulatory scrutiny from the German government. Investors are closely watching BTC’s price movements for any signs of a breakout.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  The Latest Status of Cryptocurrencies! – September 21

Leave a Reply

Your email address will not be published. Required fields are marked *