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▲ Stablecoin ©Godasol
Four out of ten domestic cryptocurrency investors expect the Bitcoin (BTC) market to be bearish this week (May 4-8).
According to a regular weekly survey on domestic investor market trends jointly conducted by Coinniss and Kratos, 29.6% of respondents (down from 44.8% last week) predicted that Bitcoin would rise or surge this week. 29.8% of respondents (up from 28.3% last week) expected a sideways movement, while 40.6% (up from 26.9% last week) expected a decline or sharp drop. Optimistic outlooks decreased, and pessimistic sentiment expanded.
When asked about the impact of stablecoin industry growth on the cryptocurrency market, 49.4% of respondents replied, "Stablecoins are also coins," and "they have a positive impact due to increased market liquidity." Furthermore, 33.9% predicted that "they will have a negative impact due to subordination to traditional finance or increased regulation." The remaining 16.7% expected "no impact."
This survey involved 2,000 respondents and was conducted from April 29 to May 1. The sampling error is ±3.0%, and the confidence level is 95%. The survey institution is Pharos Labs.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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