[Survey] 34% of domestic investors: Bitcoin to surge next week
CryptoNewsTerminal Staff19 May, 2024
[Survey] 34% of domestic investors: Bitcoin to surge next week
34% of domestic investors expect Bitcoin to rise or surge next week, according to a regular weekly survey on domestic investment market trends conducted jointly by CryptoNewsTerminal and Cratos. This is a slight increase from last week's 33.6%. 42.6% of the respondents expect a sideways trend, while 20.7% expect a decline or a sharp decline. These figures are largely unchanged from last week's 40.9% and 25.5%, respectively. When asked about market sentiment, 53.7% of the respondents said they were neutral. 28.3% said they were optimistic or extremely optimistic, and 18% said they were fearful or extremely fearful. Among investors, 34% said that the reason for the sluggishness in the cryptocurrency market since the BTC halving was "insufficient inflow of funds". 26.6% of investors said that the lukewarm market reaction to the launch of the Hong Kong spot ETF and the waning expectations for the Fed's rate cut were the reasons. In addition, 8.9% of investors said that the cryptocurrency market had already peaked.
