Bitcoin Price Peaked in 2023, So Why Are Retail Traders Waiting on the Sidelines?

Bitcoin price guard going up, but retail traders are not stack In Again. Cointelegraph explore why.

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THE total walk capitalization of THE cryptocurrency walk jumped pass $1.55 thousand billion on Dec. 5, led by outstanding weekly earnings of 14.5% For Bitcoin (BTC) And 11% For Ether (ETH). Notably, This milestone, marking THE The highest level In 19 month, propelled Bitcoin has become THE of the world ninth largest exchangeable active, surpassing The meta $814 billion capitalization.

Despite THE recent bullish momentum, analysts to have observed that retail request remains relatively stagnant. A few attribute This has THE ripple effects of A inflationary environment And decreases interest In credit, given that interest rates continue has float above 5.25%. While analyst Rajat soni job can to have dramatized THE situation, THE underlying, In essence, is holding true.

Retail investors are not paid attention has #bitcoin.

They are more worried about if Or not they will be able has pay to rent out Or put food on THE table.

They will likely to start paid attention close THE following high (IMO Sometimes In 2025) And they will FOMO In A position before…

— Rajat Soni, CFA (@rajatsonifnance) December 2, 2023

Many United States economic indicators to have jumped has save tops, including wages, salaries And household net value. However, analyst Ed Yardeni suggested that THE "Santa Claus Christmas rally" could to have Already occurred earlier This year, with THE S&P 500 earn 8.9% In November.

This increase reflected decrease inflationary pressures And ...