The number of global cryptocurrency holders exceeds 617 million!

Amid the wave of digital currencies, an eye-catching news came - according to the latest market size report from iconCrypto.com, as of June 2024, the number of holders in the global cryptocurrency market has reached a staggering 617 million people ! This number represents an increase of 6.4% from 580 million at the end of last year, showing that the popularity and acceptance of digital currencies is growing globally.

Bitcoin, the leader in the cryptocurrency field, saw its holdings increase by 5.9% in the first half of this year to 314 million, accounting for half of all cryptocurrency holders. Not to be outdone, Ethereum’s adoption rate increased significantly by 9.7%, bringing the total number of ETH holders to 136 million, accounting for 22% of the global market.

Behind this growth are key developments in the Bitcoin and Ethereum ecosystems. The launch of the U.S. Spot Bitcoin ETF and Bitcoin’s fourth halving event have injected strong impetus into the growth of Bitcoin adoption. Ethereum, with its Dencun upgrade in March, significantly reduced transaction fees on the Layer-2 network and improved scalability, thus attracting more users.

Although the market performed well in the first half of the year, the cryptocurrency market faces recent challenges in breaking through all-time highs due to macroeconomic pressures and deteriorating geopolitical situations in the Middle East. For example, in September alone, cryptocurrency exchanges lost $116 million, more than eight times the value lost in August.

Nonetheless, we can still see that the growth in the number of global cryptocurrency holders is an irreversible trend. It not only reflects the continuous progress of digital currency technology, but also shows that people’s recognition and trust in digital currency are gradually increasing. In the future, with more innovation and development, cryptocurrency will continue to lead changes in the financial field and become a popular area for more people to invest and participate.

In this era full of opportunities and challenges, let us pay attention to the development of cryptocurrency and witness this historic change together!