CandleFocus Fed Report Explores How Crypto Price Changes Affect Ownership
2024-09-08
Author: Content Editor
A report by the Federal Reserve Bank of Philadelphia's Consumer Finance Institute suggests that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. The report analyzed data from multiple surveys and found that interest in and ownership of cryptocurrencies did not rise even as prices surged. The report recommends further research into consumer behavior in response to market fluctuations.
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