The global cryptocurrency market in 2024 shows clear distinctions. An analysis by Kaiko Research, summarized by ETHNews, reveals that Bitcoin maintains significance in developed countries, while stablecoins and altcoins gain popularity in emerging economies.
Institutional Leadership in USA
The U.S. is witnessing significant growth in institutional adoption of Bitcoin. Companies like MicroStrategy, holding over 400,000 BTC, emphasize Bitcoin's role as a treasury asset. The approval of ETFs for Bitcoin and Ethereum has fortified this position.
Cryptocurrency Resurgence in Japan
Following the Mt. Gox incident, Japan maintains cautious optimism and ranks third globally in Bitcoin trading volume against fiat currencies. Expected ETF approvals in 2025 are anticipated to bolster the market further.
Focus on Stablecoins in Turkey
In Turkey, USDT serves as a hedge against lira devaluation, and traders explore altcoins like XRP for new opportunities. Economic instability makes stablecoins attractive to investors.
Global cryptocurrency market trends have again confirmed the distinctions between developed and developing nations. While some regions focus on stable assets and regulation, others innovate through cryptocurrencies to address economic challenges.
