Cryptocurrency users worldwide have shown increased activity in 2024, with global crypto transactions surpassing a significant milestone from the 2021 bull market. Chainalysis reported a substantial rise in global cryptocurrency value between Q4 2023 and Q1 2024. The firm's fifth annual Global Crypto Adoption Index analyzed 151 countries from Q3 2021 to Q2 2024, measuring adoption levels on a scale of 0 to 1. The global index peaked at 0.8 in Q4 2024 but dropped to 0.68 in Q2 2024, indicating a slowdown. The launch of Bitcoin ETFs in the US in January 2024 fueled a surge in crypto use. Institutional transfers and regions like North America and Western Europe saw significant growth, while stablecoins gained traction in low-income countries. The rapid adoption of spot Bitcoin ETFs by wealth advisers, despite outflows, signals a significant shift in the industry's landscape. Read more AI-generated news on: https://app.chaingpt.org/news