36% of domestic investors blame the Bitcoin plunge on the nomination of a hawkish Federal Reserve chairman.

According to a regular weekly domestic investor market trend survey jointly conducted by Coinness and Kratos, 34.3% of respondents (36.8% last week) predicted a rise or surge in Bitcoin next week. 28.8% (33.4% last week) predicted a sideways movement, while 36.9% (29.8% last week) predicted a decline or sharp drop. Pessimism dominated the market. When asked about market sentiment, the largest group, 38.8%, responded that they were fearful or extremely fearful. 32.2% responded that they were neutral, while 29% responded that they were optimistic or extremely optimistic. When asked about the cause of Bitcoin's recent plunge, the largest group, 36.1%, cited "the Trump administration's nomination of a hawkish Federal Reserve Chairman." 22.6% responded with 'global liquidity shortage', 18.2% with 'escalating tensions between the US and Iran in the Middle East', 13.5% with 'weak phase in the halving cycle', and 9.6% with 'technical (chart) decline'.