British crypto enthusiasts have been busy consolidating and rebalancing to the last minute in 2021. Finder.com polled 2013 UK netizens in December 2021 with mixed results.
Since the last survey in October 2021, UK cryptocurrency ownership has risen by one percentage point from 5.2% to 6.1%, while Ether (ETH) dominance continues to emerge.
In third place, just behind Singapore and Australia, UK Ethereum holdings are combined among crypto holders with 32.9%, while XRP is the third most popular cryptocurrency with 17.4%.
Curiously, interest in the 27 countries surveyed by Finder.com shows that the average global Ether usage rate fell from 28.2% in October to 24.4% in December. UK ETH holders are holding positions while global ETH holders are declining.
There are no prizes for guessing the most popular cryptocurrencies in the UK. Bitcoin (BTC) ranks first with 42.8% but is also showing weakness. While the 42.8% figure roughly reflects Bitcoin’s dominance, it’s down from a peak of 56.7%.
The cryptocurrency market plunged significantly in December, while analyst expectations did not reach the target of 100,000 BTC in 2021. The general sentiment towards the cryptocurrency has been bearish since BTC first dropped to $42,000 in early December.
The overall downtrend appears to be reflected in UK crypto behavior. There were some sales and portfolio rebalancing ahead of the new year. Bitcoin ownership declines; Solana (SOL) ownership increased to 15%; Dogecoin (DOGE) added 1%.
Oddly enough, bitcoin ownership has declined all over the world. In just one country, bitcoin ownership increased from October to December when BTC dominance in Australia rose to 72.7%. It was also the country with the highest percentage of cryptocurrencies holding bitcoins in the world.
Related: Bitcoin Payments Fall as Other Cryptocurrencies Rise
According to a report by Cointelegraph last October, emerging markets continue to show the strongest indicators of cryptocurrency boom. Russia, Colombia, the Philippines and India were among the top five in terms of growth in cryptocurrency holdings in December. Statistics and detailed statistics are expected later this month.
However, the UK is recovering from the cryptocurrency’s rally with an increase of just 1%. Although the average global growth in cryptocurrency holdings remains positive, it has risen by 4.3%, putting the UK in the bottom 5 of the countries surveyed.