Majority of US adults with income of $50,000 or less sold crypto holdings during market collapse: new study
A new study shows that US crypto investors who fell into the lowest income bracket were the primary group of sellers during the market rout in recent weeks.
The study conducted by consumer insight platform Civic Science reveals that 65% of US investors in digital assets earning $50,000 or less sold all or part of their crypto holdings in recent weeks.
According to the study conducted last week among adults, 39% of US crypto investors earning $50,000 or less sold all or most of their digital assets, while 26% of US crypto investors in the same income bracket sold some or a small number of their digital assets. assets.
In the $50,000 – $100,000 income bracket, 48% of US digital asset investors sold all or part of their crypto holdings.
US crypto investors earning six-figure incomes were relatively less affected by the decline in crypto prices, according to the same study.
In the $100,000 – $150,000 income bracket, 34% of digital asset investors sold all or some of their crypto assets when prices collapsed.
“Not surprisingly, those with higher incomes are more willing to weather the storm with their assets.”
30 percent of US crypto investors who earned $150,000 or more sold all or some of their digital assets as the market rallied.
The Civic Science study further states that among the general population of US crypto investors, close to 25% were affected by the market collapse or know someone who was.
“Regardless of the ability to weather the downturn, however, nearly a quarter of the general population has been affected, or knows someone who has been, in some way by the crypto washout.”
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