Crypto Investors are Buying the Dip (Again)

Last Friday, China’s Central Bank officially banned all crypto-related transactions, triggering a -10% contraction of the total cryptocurrency market cap. Despite the daunting headlines, our data shows that individual investors are using the most recent dip as an opportunity to accumulate. Consumer Mentions of purchasing or investing in cryptocurrency are surging on a 7-day moving average, up +54% QoQ and +200% YTD.

All things considered, the reaction to China’s latest anti-crypto regulation has been relatively subdued – When the Chinese Government official banned ‘Initial Coin Offerings’ (ICOs) in 2017, the crypto market fell a whopping -43% in the following 2 weeks.

Furthermore, this wasn’t even the largest (or fastest) crypto sell-off in the past month, and seasoned cryptocurrency investors have endured much worse in years past.