The UK is the third country with the largest ETH holdings; Cryptocurrency adoption surged 1% in December

UK cryptocurrency enthusiasts have been busy consolidating and rebalancing in the dying throes of 2021. Finder.com surveyed 2,013 UK internet users in December 2021 with mixed results.

Since the last survey in October 2021, UK crypto ownership has increased by one percentage point, from 5.2% to 6.1%, while Ether (ETH) dominance continues to be evident.

In third place, just behind Singapore and Australia, Ether’s presence in the UK consolidated among cryptocurrency holders at 32.9%, XRP is the third most popular cryptocurrency at 17.4%.

The UK is the third country with the largest ETH holdings;  Cryptocurrency adoption surged 1% in December
The UK is the third country with the largest ETH holdings; Cryptocurrency adoption surged 1% in December

Interestingly, interest across the 27 countries surveyed by Finder.com shows that the average global adoption rate for ether fell to 24.4% in December from 28.2% in October. ETH holders in the UK remain in line while ETH holdings around the world are declining.

There are no prices to guess which is the most popular cryptocurrency in the UK. Bitcoin (BTC) is in first place with 42.8% but is also showing weakness. Although the 42.8% figure almost reflects Bitcoin’s dominance ratio, it fell sharply from highs of 56.7%.

The entire cryptocurrency market plummeted in December, while analyst predictions remained below $100,000 per BTC in 2021. The prevailing sentiment for cryptocurrencies was bearish since the flagship cryptocurrency first crashed to $42,000 in early December.

It seems that the macro-bearish trend is reflected in the behavior of cryptocurrencies in the UK. In the run-up to the new year, there were some sales and portfolio adjustments. Bitcoin ownership has fallen; Solana (SOL) rose to 15% stake; and Dogecoin (DOGE) gained 1%.

Interestingly, bitcoin ownership has been declining around the world. Only one country saw its bitcoin ownership share increase from October to December, as BTC dominance in Australia surged to 72.7%. It was also the country with the highest percentage of cryptocurrency owners holding bitcoin in the world.

In line with Cointelegraph’s October last year report, Emerging markets continue to show the strongest indicators of cryptocurrency adoption. Russia, Colombia, the Philippines and India are among the top 5 countries for cryptocurrency ownership growth in December. Detailed data and statistics are expected to be available later this month.

However, the UK lags behind in terms of cryptocurrency growth rates, which are up just 1%. Global average growth in cryptocurrency holdings, while still positive, has thrived at 4.3%, putting the UK in the bottom five of the countries surveyed.

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