Markets
Less than 50% of market participants remain bullish on cryptocurrency after Bitcoin halving: CoinGecko
New insights from cryptocurrency data aggregator CoinGecko show that sentiment among market participants is divided following the latest Bitcoin (BTC) reducing by half.
In a new survey, CoinGecko surveyed 2,558 crypto investors from around the world between June 25 and July 8, with the majority of them claiming to be long-term investors in digital assets.
According to the survey, 49.3% of market participants still feel bullish on cryptocurrencies despite the consolidation and correction that occurred after the April 2024 halving, when miner rewards were cut in half.
Specifically, CoinGecko notes that 26.1% of surveyed participants feel somewhat bullish and 23.2% were completely bullish on cryptocurrencies.
The survey also found that 13.4% were somewhat pessimistic, 11.8% were pessimistic and 25.5% were neutral.
Source: CoinGecko
The research also found that cryptocurrency investors and creators have a more optimistic view of the market than digital asset traders and marginalized participants.
“Investors were more optimistic about the market: 54.1% of cryptocurrency investors were bullish and only 20.7% had bearish sentiments.
Builders were the second most optimistic, with 47.6% indicating optimistic sentiments and 31.6% pessimistic.
In comparison, traders’ sentiments towards the cryptocurrency market were largely mixed, with 39.0% expressing optimism and 33.5% pessimism.
Marginalized viewers were the most pessimistic about the cryptocurrency market, with 28.5% of optimistic responses outnumbered by the 42.4% who expressed bearish sentiments.”
You can read the full report here.
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