Investor Sentiment In Bitcoin And Ethereum Is Improving | CryptoGazette
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It’s been just revealed that the investor sentiment in Bitcoin and Ethereum is improving these days. Check out the latest reports below.
According to the online publication, the Daily Hodl, the recent crypto market meltdown drove investor enthusiasm toward the two largest cryptos by market cap, according to a new survey conducted by digital asset manager CoinShares.
Investor sentiment
The digital asset manager said that while investor sentiment for Bitcoin (BTC) and (ETH) improved in December of 2021, Cardano (ADA), Solana (SOL), and additional altcoins witnessed the opposite.
“During the month of December 2021, when market prices were declining sharply, investor sentiment improved for the larger digital assets Bitcoin, Ethereum and multi-asset, while sentiment declined for the smaller assets such as Cardano, Solana and other altcoins.”
Investor sentiment in the ninth-largest crypto asset by market, Polkadot (DOT), remained unchanged. This is what the CoinShares Digital Asset Bi-Monthly Fund Manager Survey.
The new CoinShares survey notes that allocations to digital assets were correlated to investor sentiment. Bitcoin and Ethereum received relatively larger allocations compared to Polkadot, Cardano, and Solana, according to the reports.
“Allocations to digital assets mirrored the growth outlook for digital assets, where allocations were minimally increased for the larger coins at the expense of altcoins.”
Just the other day, we were revealing that the crypto market is struggling to regain its losses following multiple corrections that have been marked recently.
According to the latest reports, crypto analyst Justin Bennett says that bargain-hunters hoping to get Bitcoin at $30,000 will likely end up disappointed. Stay tuned for more crypto predictions.
The pseudonymous trader Credible Crypto just said that what the general consensus is for Bitcoin after its late-January rally from the $33,500 level to a whisker below $39,000.
“Many are expecting a rejection around 40-44k and then a dump below sub-30k,” according to the notes.
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