Crypto
US Crypto Investors Abandon Ship Amid Volatility Concerns
A recent survey conducted by The Urban Institute found that only 9% of US adults who own or have owned cryptocurrency still hold it today, raising concerns about a potential Bitcoin price rebound.
The survey involved 3,194 participants and showed that many former crypto investors are sitting on the sidelines due to losses, excessive price volatility, and security concerns.
Bitcoin is currently trading at $65,138, down 48.4% from its record high of $126,198 in October, while Ethereum has fallen 60.8% from its all-time high of $4,954 on August 25th last year.