UK 3rd for ETH ownership as crypto adoption grows 1% in December: Survey

British crypto enthusiasts were engaged consolidating and rebalancing during the past gasp of 2021. Finder.com surveyed 2,013 Internet users successful the United Kingdom successful December 2021 with varying results.  

Since the past survey conducted successful October 2021, U.K. crypto ownership crept up by 1 percent constituent from 5.2% to 6.1%, portion Ethere (ETH) dominance continues to manifest.

Coming successful astatine 3rd place, conscionable down Singapore and Australia, the U.K.’s Ether ownership among crypto holders consolidated astatine 32.9%, with XRP the 3rd astir wide held crypto, astatine 17.4%.

Curiously, involvement crossed the 27 countries that Finder.com surveyed shows that the planetary mean adoption complaint for Ether decreased from 28.2% successful October to 24.4% successful December. U.K. ETH holders are holding the enactment portion the world's ETH ownership declines.

There are nary prizes for guessing the U.K.’s astir fashionable cryptocurrency. Bitcoin (BTC) takes archetypal spot astatine 42.8%, but it is besides showing weakness. While a 42.8% fig astir reflects the Bitcoin dominance ratio, it has plummeted from highs of 56.7%.

The wide cryptocurrency marketplace dipped considerably successful December, portion analysts’ predictions missed the mark for a $100,000 BTC successful 2021. The overriding crypto sentiment has been bearish since BTC archetypal wicked to $42,000 successful aboriginal December.

It appears the macro bearish inclination is reflected successful the U.K.’s crypto behavior. Some selling and portfolio rebalancing took spot successful the run-up to the caller year; Bitcoin ownership dipped, Solana (SOL) climbed to 15% ownership and Dogecoin (DOGE) made a 1% gain.

Curiously, Bitcoin ownership slipped crossed the committee worldwide. Only 1 state saw an summation successful its percent of Bitcoin ownership from October to December, arsenic Australia's BTC dominance grew to 72.7%. It was besides the state with the highest proportionality of crypto owners holding Bitcoin worldwide.

Related: Bitcoin payments diminution arsenic different cryptocurrencies grow

In enactment with Cointelegraph’s reporting successful October past year, emerging markets proceed to amusement the strongest indicators of bubbling cryptocurrency adoption. Russia, Colombia, the Philippines, and India were successful the apical 5 countries for maturation successful crypto ownership successful December. Detailed statistic and insights are expected aboriginal this month.

The U.K., however, is dragging its feet for crypto maturation rates, trending upwards by a specified 1%. While it is inactive positive, the planetary maturation mean for crypto ownership blossomed by 4.3%, putting the U.K. successful the bottommost 5 of the countries surveyed.