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The cryptocurrency sector saw a huge spike in interest in 2021 as the valuations of Bitcoin BTC/USD, Ethereum ETH/USD, Dogecoin DOGE/USD and others hit all-time highs in the price of their parts.
The 2021 crypto bull market has brought many newcomers to the space, with cryptocurrency exchanges and investment platforms adding the number of coin offerings and launching promotions related to acquiring coins. new users.
Here’s a look at what’s happened since.
What happened: After the strong year 2021 which brought more awareness and interest to the cryptocurrency market, 2022 was a potential setback for the sector. The collapse of Celsius and the bankruptcy of FTX are among the biggest stories for the entire financial industry.
The high volatility and uncertainties in major cryptocurrency platforms has led some to exit the cryptocurrency industry and has led to potential barriers to bringing newcomers into the space.
Benzinga recently polled 1,000 Americans to get a better idea of how things have changed since the FTX spinoff.
Related Link: Best FTX Alternatives: How to Protect Your Crypto
Benzinga Poll Results: Benzinga conducted a poll to find out where Americans’ sentiment currently stands following the FTX bankruptcy and with Bitcoin and Ethereum prices each down more than 60% since the start of the year in 2022.
The question asked was: Do you currently own any cryptocurrencies?
Of those surveyed, 26.9% said yes to owning cryptocurrencies at some point. The remaining 73.1% said they did not own any cryptocurrency.
These numbers may have changed significantly due to the events surrounding the FTX collapse.
In June, Benzinga reported that nearly 40% of Millennials in America said they owned a cryptocurrency. In March, around 20% of investors said they had invested in cryptocurrencies at some point.
The poll results could show that investors have exited the cryptocurrency sector or that many are still holding on despite the question marks looming.
Next read: EXCLUSIVE: These Americans Think the FTX Scandal Puts Crypto in a Better Light
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMiiQFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMi8xMi8zMDAyNjY2NC9jYW4tY3J5cHRvLWFwcHJlY2lhdGUtZXhjbHVzaXZlLWRhdGEtc2hvd3MtYWRvcHRpb24tcmF0ZXMtaGF2ZS1yb29tLXRvLXJ1btIBLWh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9hbXAvY29udGVudC8zMDAyNjY2NA?oc=5 The mention sources can contact us to remove/changing this article |
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