The launch of the Bitcoin ETF in the US triggered an increase in the total value of Bitcoin activity across all regions worldwide, according to Chainalysis.
Cryptocurrency users around the world have become more active in 2024, with the total value of global crypto transactions surpassing a significant milestone first reached during the 2021 bull market.
The total value of global cryptocurrency activity has significantly increased in the period between the fourth quarter of 2023 and the first quarter of 2024, the blockchain intelligence firm Chainalysis reported in its fifth annual Chainalysis Global Crypto Adoption Index.
In its latest crypto adoption report, shared with Cointelegraph, Chainalysis applied a new adoption index methodology, analyzing a total of 151 countries for each quarter from Q3 2021 to Q2 2024. The firm measured the level of adoption in the overall index value normalized on a scale of 0 to 1, where 1 reflects the highest adoption.
