What's the Hottest Issue in the Current Crypto Market?...War or ETF?

▲ Bitcoin (BTC) Exchange Traded Fund (ETF) ©CoinReaders

Amid diverging views among domestic cryptocurrency investors, this week (April 20-24), the Bitcoin (BTC) market, similar to the previous week, entered a phase of searching for direction amidst mixed trends where bullish and bearish outlooks are in a tight contest.

According to a regular weekly survey on domestic investor market trends conducted jointly by CoinNess and Cratos, 35.2% (35% last week) of respondents predicted that Bitcoin would rise or surge this week. Respondents expecting a sideways trend accounted for 33% (33% last week), and those expecting a decline or sharp drop accounted for 31.8% (39.2% last week). Optimistic, sideways, and pessimistic outlooks were relatively evenly distributed, with no significant change from the previous week's results.

In response to a question about market sentiment, the largest share, 37.7%, responded with optimistic or extremely optimistic. Those who answered neutral accounted for 32.7%, and those who answered fear or extreme fear recorded the lowest share at 29.6%.

When asked about the hottest issue in the current cryptocurrency market, the largest share, 32.6%, responded with 'inflows and outflows of spot ETFs such as Bitcoin and Ethereum (ETH)'. Following that, 27.9% cited 'US-Iran war trends', 24.2% cited 'US regulatory trends, including the Clarity Act', and 15.3% cited 'volatile 'Crime' coins with controversies over circulating supply and price manipulation'.

The number of respondents in this survey was 2,000, conducted from April 15-17. The margin of error is ±3.0%, with a confidence level of 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.*