$51K Bitcoin price not a problem

On March 25, Crypto Signals | concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400.

The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin’s loss of bullish momentum, several derivatives indicators, including a bullish futures premium and a neutral skew, suggest that the price may not drop below $50,000.

$51K Bitcoin price not a problem

New research from US crypto exchange Xcoins suggests gold investors are pretty evenly split between men and women, but men dominate the ranks of crypto investors by a significant margin.

The data also revealed that “gold investors are more likely to own a cat than cryptocurrency holders (45% to 38%), while cryptocurrency holders tend to be ‘dog people’ (43% to 38%).”

Xcoins’ research used Global Web Index data between 2017 and 2020, to find the differences between gold and crypto owners.

The research found that there is a significant disparity between women’s views on gold as an investment as opposed to crypto. Around 46.7% of gold investors are women and 53.5% are men, while among crypto investors, 71.9% are men and just 28.1% are women.

The crypto gender gap is nothing new and it is widely believed the crypto and blockchain sectors are male-dominanted. However, research is showing that the gap has been shrinking over the past couple of years, as crypto gradually embeds itself into mainstream society.

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Despite the growing interest from women, Xcoins’ research highlights that there is still a major gender diversity issue in crypto which requires more action.

Rob Frye, CEO of Xcoins, commented on the exchanges’ findings in which he emphasized the importance of bringing more women into crypto, noting that Bitcoin’s mainstream adoption is dependent on their participation:

“If Bitcoin is to succeed in the mainstream then it needs support from all demographics. No-one is stopping women from entering or investing in the crypto space, but little is being done to encourage them either.”

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$51K Bitcoin price not a problem