Markets
Less than 50% of market participants remain bullish on cryptocurrency after Bitcoin halving: CoinGecko
New information from crypto data aggregator CoinGecko shows that sentiment among market participants is divided following the latest Bitcoin (Bitcoin) reduce by half.
In a new survey, CoinGecko polled 2,558 crypto respondents from around the world between June 25 and July 8, with the majority of them claiming to be long-term digital asset investors.
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% are completely bullish on cryptocurrencies.
The survey also found that 13.4% were somewhat bearish, 11.8% were bearish and 25.5% were neutral.
Source: CoinGecko
The study also found that cryptocurrency investors and creators have a more optimistic view of the market than digital asset traders and marginalized participants.
“Investors were the most optimistic about the market: 54.1% of cryptocurrency investors felt bullish and only 20.7% had bearish sentiments.
Builders were the second most optimistic, with 47.6% indicating bullish sentiments and 31.6% bearish.
In comparison, traders’ sentiments in the cryptocurrency market were largely mixed, with 39.0% expressing a bullish view and 33.5% a bearish view.
Onlookers on the sidelines were the most pessimistic about the cryptocurrency market, with 28.5% of bullish responses outnumbered by the 42.4% who expressed bearish sentiments.
You can read the full report here.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: Midjourney