Interest in cryptocurrencies in the US dropped by 80% in a year

Follow us on telegram

The figure has fallen to a minimum point in 2022, according to Google Trends

Interest in cryptocurrencies in the US dropped by 80% in a year

28.03.2022 - 10:35

285

1 min

0

What’s new? Interest in cryptocurrencies among residents of the United States has fallen to a minimum point in 2022. According to Google Trends, Americans’ interest in digital assets has dropped by 80% over the past year.

Link to Google Trends

When was the peak of interest observed? Cryptocurrencies became most popular in the US in May 2021. After that, Americans’ interest in digital assets declined until August. Between August and October of last year, the figure increased again. Since the end of 2021, US residents have been losing interest in cryptocurrencies.

What preceded it? In 2021, the capitalization of the crypto market surpassed the $3 trillion mark. The price of bitcoin peaked above $69 000 last year, while Ethereum peaked above $48 700. On March 28, 2022, the capitalization of the digital assets market is $2,2 trillion, with bitcoin and Ethereum trading at $47 000 and $33 000 respectively.

Author:

Editorial GetBlock Magazine

Useful material?

Telegram Newsletter Twitter

Trends

CoinGecko aggregator launches a page to track the capitalization of cryptocurrencies created in the United States

As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion

Jan 21, 2025

Market

Hyperliquid exchange reports reaching a record daily trading volume of $21 billion

The platform generated $9,5 million in revenue during the same time

Jan 20, 2025

Market

Grayscale has opened an XRP-based trust for accredited investors

Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses

Jan 17, 2025

Market

Tether has launched its omnichain-stablecoin USDT0 on the Kraken exchange’s Ink network

The asset will allow USDT to move seamlessly between different blockchains

Jan 17, 2025

Market

HyperLiquid team announces plans to increase the decentralization of the project

Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price

Jan 8, 2025

Market

CoinDesk allowed the possibility of BTC to fall amid the growth of the MOVE index

Rising US Treasury bond yields are negatively affecting risk assets

Jan 8, 2025