Crypto ownership has not increased with the recent crypto market revival, according to the American Federal Reserve.
The Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI) collected data on (U.S.) crypto holdings between January 2022 and July 2024.
During the market downturn in 2022, crypto ownership fell to 19 percent in October 2022.
Despite the market recovery in the subsequent 18 months, ownership did not increase significantly, falling to 15.4 percent in January 2024.
Crypto markets have grown nearly 150 percent since the start of 2023, despite a downward trend since mid-March.
For now, the markets are depressed. The US Bitcoin (BTC) and Ethereum (ETH) spot Exchange-Traded Funds (ETFs) even had a dramatic week last week. The funds saw continued outflows. The Bitcoin ETFs had one of their worst weeks since their launch in January last week. In total, the eleven funds lost 706 million in just four trading days.
Source: www.emerce.nl
