Gemini research revealed a growing gender gap in cryptocurrency ownership, with men outnumbering women by a larger margin than in previous years. The report found a widening gender gap in cryptocurrency ownership, with 69% of crypto owners identifying as male and 31% as female in 2024. This marks an increase from 2022, when the split was 58% male and 42% female. The survey also revealed that 26% of women own cryptocurrency, compared to 41% of men. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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Polygon Analysts Suggest Possible Whale-Led Recovery Amidst Potential Downtrend Concerns
Polygon (POL) is currently positioned at a critical juncture, where recent whale activity may influence both recovery and further decline. As analysts watch closely, a significant surge in whale accumulation The Defiant
Bitcoin Report from JPMorgan Analysts: `Russell 2000 Correlation with Tech Sector at Highest Level!`
Bitcoin (BTC) has the highest correlation with small-cap tech stocks, particularly in the Russell 2000 technology sector, according to a JPMorgan report. JPMorgan: Bitcoin Shows Strongest Correlation With Russell 2000 Tech Sector In an analysis led by Nikolaos Panigirtzoglou, JPMorgan analysts found that both Bitcoin and altcoins exhibit a strong correlation with small-cap tech stocks, but Bitcoin’s correlation is consistently higher. “The fact that crypto is more correlated with smaller tech stocks rather than the largest tech stocks makes sense given crypto’s reliance on venture capital (VC) funding and blockchain innovation, which is typically the focus of smaller tech firms rather than industry giants,” the analysts wrote. JPMorgan revisited the crypto-stock correlation following a simultaneous correction in U.S. tech stocks and cryptocurrencies on Monday. The report noted that crypto and stocks have maintained a structurally positive correlation since the pandemic: Retail investors use leverage in both markets. The technology-driven nature of cryptocurrencies and growth stocks. The Russell 2000 Index tracks the smallest 2,000 stocks within the broader Russell 3000 Index, making it a key benchmark for small-cap technology companies. JPMorgan`s research shows that Bitcoin`s correlation with stocks tends to peak during major tech sector shifts. Bitcoin`s price movements have closely followed tech stock trends during high-growth years like 2020 and 2024, and during sell-offs like 2022. “This pattern supports the idea that crypto is fundamentally linked to technology, especially as equity investors reassess the tech sector more prominently,” the report said. With the increasing overlap between crypto and traditional financial markets, analysts believe that Bitcoin`s price trajectory will continue to be heavily influenced by the performance of the tech sector and broader equity market trends. *This is not investment advice. Continue Reading: Bitcoin Report from JPMorgan Analysts: `Russell 2000 Correlation with Tech Sector at Highest Level!` The Defiant