Cryptocurrency Users Reach an Unprecedented Number

[mlawson71]

According to a new report, as of June 2021 the total number of people who use cryptocurrencies has surged to 221 million and at the moment it is surpassing that number. In comparison, in December 2020 that number was 106 million, i.e. the number of people who use crypto assets has more than doubled in just six months.
According to the same report, the main driving force behind this immense interest in cryptos is Bitcoin. People adopted cryptos back in January and February mainly because of the rising interest in Bitcoin. That said, in May 2021 the interest in various altcoins has increased exponentially.
Interest in Ethereum has increased immensely too. That happened because of the growth of demand, which in turn was started by institutional and retail Ethereum adoption. Ethereum is the second most popular cryptocurrency on the market, but still quite behind Bitcoin.
The crypto market cap also jumped immensely for the past six months. In December 2020 it was 700 billion US dollars, this May it had spiked to 2.5 trillion.
Source
I knew that the interest in cryptos has increased immensely since the start of the year, but I did not know it was that much. This is impressive, I think.

[TomPluz]

What is for sure is that while the whole market has been experiencing many dips and there were so many challenges including what happened in China, more and more people are getting into cryptocurrency especially top coins like Bitcoin and Ethereum. And for sure this trend can go for many more months especially that Bitcoin is now showing some upward movements.