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Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year low tapping 41.9%, while ethereum’s market cap … Read more
Over 40% of respondents were unaware that Bitcoin had a limited supply. Go to Source Powered by WPeMatico
The most recent Bank of America Fund Manager Survey finds that the most crowded trade is “long bitcoin.” Nonetheless, 75% of fund managers say the cryptocurrency is in a bubble zone. Fund Managers Say Long Bitcoin Is Most Crowded Trade but Most See Bubble The Bank of America (BoA) Fund Manager Survey for May, published … Read more
Bank of America noted that trades identified as “crowded” have historically been associated with incoming market tops. Go to Source Powered by WPeMatico
Newsweek published an article claiming 46 million Americans own Bitcoin, but where did the figures come from? Go to Source Powered by WPeMatico
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a … Read more
More than half of the survey respondents favored the controversial crypto tax law in South Korea. Go to Source Powered by WPeMatico
A new survey revealed the different stances of Russians toward cryptocurrencies and fiat currency. Specifically, some of the respondents believe digital assets will replace fiat in ten years. Residents in Moscow Believe Cryptos Will Replace Fiat, While Others Are Skeptical According to Nord News, the research was conducted by Otkritie Bank, a Moscow-based financial institution … Read more
The number of U.S. crypto investors is set to almost double in 2021, according to a new survey by Gemini. Go to Source Powered by WPeMatico
The American independent investment bank and financial services company, Piper Sandler has published its latest “Taking Stock With Teens” survey which notes that 9% of U.S. teenagers have traded cryptocurrencies. 7,000 teenagers were polled and roughly 81% of those who have traded digital currencies were male. 9% of American Teens Claim to Have Traded Crypto … Read more
