El Salvador, Switzerland and Nigeria are at the top of Bitcoin interest after Easter
Bitcoin enthusiasts remain delighted following renewed institutional investment in the cryptocurrency market. ascension action It has led to an upward price movement in the market leader and increasing adoption in various regions.
According to Google data, interest in Bitcoin increased slightly after Easter before falling to last week’s levels. Among the main countries showing interest in the market or searching for Bitcoin were El Salvador, Nigeria, Switzerland and the Netherlands.
El Salvador Bitcoin Stance Matters
Pro-Bitcoin El Salvador retains the top spot on the list following policies of asset adoption and doubling. After adoption Bitcoin The country’s total assets as legal tender stood at 5,690 BTC, worth approximately $400 million. The country recently transferred its assets to cold wallet, signaling a long-term holding strategy and moving towards greater security.
El Salvador’s economic downturn began in 2021 after Bitcoin was introduced as a legal tender with the support of the cryptocurrency community. Although many critics have noted the volatility of the cryptocurrency market, the country has remained committed, with an eye on broader economic reforms.
Nigeria’s Best African Crypto Driver
Nigeria’s young population is pro-cryptocurrency despite macroeconomic factors and restrictions on the domestic market by successive administrations. Recently, Nigeria has turned to cryptocurrencies to hedge against inflation following the economic crisis and the collapse of the Naira. Bitcoin and stablecoin USDT were among the public’s most important assets last year.
The former government banned cryptocurrency trading in the country, citing investor risk, among others. But citizens remained steadfast behind blockchain technology, leading to a reversal of policy before the current cryptocurrency exchange debacle. Binance and other platforms. A CoinGecko report last year showed that Nigeria represents 66% of cryptocurrency interest in Africa and continues to rank high globally.
Switzerland also topped the post-Easter rankings, with the number rising following the approval of spot Bitcoin ETFs in the US. This move has resulted in increased institutional demand for the asset globally. The European market has become more welcoming to digital assets due to the introduction of the CryptoAsset Markets (MiCA) regulation.
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The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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