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Important information that emerged in the past hours seems to have deeply affected the entire crypto market. Recently, cryptocurrencies surged following an attack on former President Donald Trump during a speech, and today they present a fully positive outlook with the news that the Ethereum ETF will start trading on July 23. Meanwhile, the views of market participants continue to hold significant weight, and a survey revealed the current perspective.
Current State of Cryptocurrencies
New information provided by one of the leading companies in the market, CoinGecko, shows that individuals closely following and trading in the market have differing opinions following the recent Bitcoin (BTC) halving. In a survey conducted between June 25 and July 8, involving thousands of people, most of whom were defined as long-term investors, significant insights were revealed.
It was known that the number of those predicting a market decline after the halving in April would be high, yet despite this, 49.3% still held a positive outlook on crypto.
According to the data, 26.1% of the surveyed investors had a small expectation of a rise. However, 23.2% of the investors seemed to fully embrace a bull run view.
On the negative side, 13.4% focused on a slight decline, while 11.8% fully anticipated a drop. Investors in the neutral group constituted 25.5% of the survey.
Investors were the most optimistic about the market: 54.1% of crypto investors showed a bullish trend, while only 20.7% showed a bearish trend. The second most optimistic group had 47.6% bullish and 31.6% bearish trends.
In contrast, investors’ feelings about the crypto market were largely mixed; 39.0% expressed a bullish trend and 33.5% a bearish trend.
The most pessimistic about the crypto market were the sidelined spectators, with 28.5% showing a bullish trend and 42.4% showing a bearish trend.
When Do Ethereum ETFs Start?
According to information that emerged in the past hours, spot Ethereum ETFs will start trading on Tuesday, July 23. Recent news indicated that Ethereum issuers were expecting concrete steps and answers, and the emergence of a decision beyond those expectations has taken the process to a whole new level. Following this news, attention turned to the Ethereum price.
Ethereum price surpassed $3,410 after a 7% rise at the time of writing. This indicated a 14% price increase over the past 7 days. Ethereum’s market cap exceeded $411 billion, while its trading volume surpassed $17 billion after a 69% increase.
