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Crowd Psychology Driving BTC Prices, Finance Experts Say

28 Jul Crowd Psychology Driving BTC Prices, Finance Experts Say

Posted at 07:40h in Bitcoin News by

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Crowd Psychology Driving BTC Prices, Finance Experts Say

Markets and Prices

According to a survey conducted among finance professionals, ‘crowd psychology’ is the main factor determining the movements of bitcoin market prices. More than half of the polled experts shared this opinion. Many of the individuals surveyed also expressed concerns about the issue with crypto custody, saying that the way cryptocurrency is stored now prevents BTC from becoming a global reserve asset.

Also read: PR Specialists in the Russian Crypto Space Paid 10x the Average Salary

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Cryptocurrencies have been through a lot of downturns this year but the latest upward trend on the back of positive expectations has provided ground for optimism. Bitcoin core markets are…

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