bullish

Bitcoin

Global Cryptocurrency

DeFi

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-market-sees-increased-activity-and-regional-leadership/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Market Sees Increased Activity and Regional Leadership</a><br></p>
<p style="text-align: justify">The rise of US Spot Bitcoin ETFs, increased stablecoin usage, and a global DeFi boom have triggered the current <a href="https://en.coin-turk.com/brian-armstrong-highlights-the-impact-of-crypto-payments-on-global-transactions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> bull run. According to a recent review by Chainalysis, cryptocurrency activity has surpassed 2021 levels, gaining momentum worldwide.</p>
<h2 id="global-cryptocurrency-adoption-grows">Global Cryptocurrency Adoption Grows</h2>
<p style="text-align: justify">In 2023, growth primarily occurred in low- and middle-income countries. However, by 2024, “cryptocurrency activity showed an increase across all income brackets.” This suggests that cryptocurrencies are gaining acceptance among a broader audience.</p>
<p style="text-align: justify">The Central, Southern Asia, and Oceania (CSAO) region stands out, particularly in Singapore, Indonesia, and India, for its robust institutional and DeFi activity. The region ranks third globally in terms of cryptocurrency value received, accounting for 16.6% of the total, following North America and Western Europe.</p>
<p style="text-align: justify">According to Chainalysis’ report, the CSAO region receives a significantly high share of cryptocurrency value compared to other regions, highlighting its importance in the <a href="https://en.coin-turk.com/crypto-market-surge-strains-centralized-exchanges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>.</p>
<h2 id="fluctuations-in-the-bitcoin-market">Fluctuations in the Bitcoin Market</h2>
<p style="text-align: justify">The market rally following Trump’s election victory caused Bitcoin to reach new highs. However, recent large sell-offs led to a market correction, with approximately 728,000 BTC sold.</p>
<blockquote>
 <p>People have been looking for an excuse to take some profits. We’re still very confident the current bullish market sentiment will continue into 2025.</p>
</blockquote>
<p style="text-align: justify">Adrian Przelozny, CEO of Independent Reserve, noted that profit-taking was expected and expressed confidence that the overall bullish sentiment in the market will persist until 2025.</p>
<h2 id="regulatory-progress-and-future-outlook">Regulatory Progress and Future Outlook</h2>
<p style="text-align: justify">As countries like the United Kingdom and Morocco make regulatory advancements, discussions continue in the U.S. about changing digital asset oversight. These developments contribute to the strong bullish expectations for the global <a href="https://en.coin-turk.com/bitcoin-price-faces-decline-due-to-market-conditions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> through 2025.</p>
<p style="text-align: justify">Brazil’s plans to build Bitcoin reserves and the UK preparing for sector regulations are also positive indicators for the market. Additionally, Morocco’s lifting of an eight-year crypto ban has increased market activity.</p>
<p style="text-align: justify">Considering all these factors, growth and adoption trends in the global cryptocurrency market are expected to continue. Regional leadership and advancements in regulations are crucial for maintaining confidence in the market.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-market-sees-increased-activity-and-regional-leadership/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Market Sees Increased Activity and Regional Leadership</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Market Sees Increased Activity and Regional Leadership

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