Global Crypto Adoption Falls in Q1 as Macro Pressures Mount, Turkey Bucks Trend
Cointelegraph
Global retail crypto adoption dropped 11% in Q1 due to macroeconomic pressures, though markets like Turkey showed resilience as alternatives to traditional finance.Summary
Global retail cryptocurrency adoption contracted by 11% in the first quarter, reaching $979 billion as geopolitical tensions and high interest rates dampened investor appetite. TRM Labs reported that advanced economies like the U.S. and U.K. saw the sharpest declines, as crypto was primarily viewed as a speculative asset sensitive to market volatility. Conversely, emerging markets, particularly Turkey, maintained or grew their usage where crypto serves as a functional tool for payments and a hedge against local economic instability.
(Source：Cointelegraph)