Americans are more apathetic to cryptocurrencies than before and are now looking for high-risk options trading strategies.
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According to the data, Americans are rapidly losing interest in cryptocurrencies. According to data provided by Arbor Data Science, search activity associated with the term “crypto” continues to decline in the US.
Meanwhile, alternatives such as “call option” and “Bull spread” are growing in popularity, meaning the investor’s appetite for risk is still high.
The cryptocurrency craze peaked on May 9 before the cryptocurrency market saw a major correction. Tesla suspended Bitcoin payments and increased its pressure on Chinese crypto mining. This caused the market to decline. The total crypto market cap is down about 45% from the top. This led to a decrease in people’s interest.
Apart from cryptocurrencies, Americans have also damaged commodities. Timber, for example, has been in bad shape in recent weeks after a big rally in May.