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▲ Stablecoin ©Da Sol Go
Four out of 10 domestic cryptocurrency investors predicted that the Bitcoin (BTC) market would be weak this week (May 4-8).
According to a regular weekly survey on domestic investor market trends jointly conducted by CoinNess and Cratos, 29.6% of respondents (44.8% last week) predicted that Bitcoin would rise or surge this week. 29.8% of respondents (28.3% last week) expected a sideways movement, while 40.6% of respondents (26.9% last week) expected a decline or sharp drop. Optimistic outlooks decreased, and pessimistic sentiment expanded.
When asked about the impact of the stablecoin industry's growth on the cryptocurrency market, 49.4% of respondents answered, "Stablecoins are also coins," and "have a positive impact due to increased market liquidity." Furthermore, 33.9% predicted that "it will have a negative impact as it becomes subordinate to traditional finance or faces stricter regulations." The remaining 16.7% predicted that "it will have no impact."
The survey involved 2,000 respondents and was conducted from April 29 to May 1. The sampling error is ±3.0%, and the confidence level is 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.*
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