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Bitcoin fell to $24,000 after rising above $25,000 on Aug. 15. Experts say the sharp decline is a sign of the end of bitcoin’s bull run. This morning, the bitcoin price fell 0.31% to $23,883.35.
Bitcoin rose above $25,000 for the first time since June after the U.S. released lower-than-expected inflation figures. However, bitcoin continues to hover below $69,000, the record high set in November 2021.
A study by Merchant Machine, a payment comparison website, found that the U.S. is the country with the highest usage of cryptocurrencies in the world.
The ranking is based on the number of cryptocurrency holders, crypto-accepting businesses, and the number of ATMs that dispense bitcoin.
Merchant Machine states that the U.S. has the 2nd highest number of crypto owners in the world with over 27 million compared to over 100 million in India. Considering the population, the U.S. is number 1 in terms of percentage.
In addition, there are more than 33,000 Bitcoin ATMs nationwide in the U.S. Compared to Canada, where there are only 2,458, and India, with only 2.
The list of the 10 countries with the highest crypto usage in the world according to the Merchant Machine rankings is as follows: United States, Ukraine, United Kingdom, India, Thailand, Russia, France, Netherlands, Vietnam and Colombia.
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Wednesday, August 17, 2022