Federal Reserve Bank of the United States: Although the encryption market will recover in 2023 and 2024, the holding of Crypto Assets continues to decline.

2024-09-09 04:11:46

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According to research by the U.S. Federal Reserve, although the Crypto Assets market has recently experienced a recovery, the holding rate of Crypto Assets has not risen accordingly. The Consumer Finance Institute (CFI) of the Federal Reserve Bank of Philadelphia stated in a report on September 6th that the ownership rate of Cryptocurrency decreased from 24.6% in January to 19.1% in October during the Bear Market in 2022. Even during the subsequent 18-month market recovery period, the ownership rate did not significantly increase. In October 2023, the ownership rate was 17.1%, further dropping to 15.4% in January 2024. Additionally, when the BTC price reached its peak in April 2024, the ownership rate was only 16.1%, and two months later in July, it dropped to 14.7%.

CFI-0.48%

BTC2.34%

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