According to the most recent Charles Schwab Trader Sentiment Survey, 90% of traders believe that a US economic recession is highly likely, with 74% of them convinced that it will start this year.
As per the survey, 18% of traders are now most worried about the possibility of a recession, an increase of 6% from the previous quarter. That makes around 63% of the responding traders especially negative on cryptocurrency and meme stocks.
Crypto trader sentiments hit as technical recession expected
The survey also revealed that few traders intend to purchase cryptocurrencies, but they only include non-first-time investors and experienced buyers.
Meanwhile, a sizable majority (69%) believe that a recession would last a year or less, and only one in five people are withdrawing funds from the stock market to protect themselves against a market decline. Here, it is noteworthy that while the correlation between stocks and crypto has been highest this year, data report from research firm Kaiko...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...