Deutsche Bank: Only 10% of consumers expect BTC to rise above $75 000 by the end of the year
About a third of the respondents allowed the possibility of the exchange rate to fall below $20 000
09.04.2024 - 13:55
306
2 min
0
What’s new? According to a Deutsche Bank survey, consumers are divided on the sustainability of bitcoin, with about a third expecting the value of the first cryptocurrency to fall below $20 000 by the end of the year. That would return the asset to levels last seen during the bear market of 2022. Only 10% of the 3600 respondents said BTC would rise above $75 000 by the end of the year.
What else is known? About 40% of respondents expressed confidence that bitcoin will thrive over the next few years, along with 38% expecting it to disappear.
Bitcoin hit an all-time high of $73 798 on March 14 but has since corrected by 4% to trade at $70 891. The rise came after the launch of asset-based spot exchange-traded funds (ETFs) in the United States. Total inflows into ten such funds have reached $12,39 billion since trading began on January 11.
Earlier, analyst Kevin Svenson, based on the RSI indicator, suggested that BTC will set a new record on April 20. It is on that day that the network is expected to halve the issuance of the asset, cutting the reward for a mined block.
Ripple CEO predicts the growth of the crypto market capitalization above $5 trillion by the end of the year
Brad Garlinghouse noted the impact of spot BTC exchange-traded funds on the digital asset industry
According to a February survey by JPMorgan Bank, 78% of institutional investors do not plan to trade cryptocurrencies.
Useful material?
Telegram 
Twitter Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025
Cryptocurrency rates
-
Bitcoin
$103 205
BTC
-2.4%
-
Ethereum
$3 247.95
ETH
-2.78%
-
Ripple
$3.16
XRP
-0.83%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.359742
DOGE
-2.57%
-
Cardano
$0.974625
ADA
-3.63%
-
Stellar XLM
$0.425975
XLM
-3.42%
-
Polkadot
$6.4
DOT
-3.65%
-
Litecoin
$114.82
LTC
-3.78%
-
Bitcoin Cash
$433.07
BCH
-3.55%