Australia Cryptocurrency Adoption Reflected Massive Spike 

Australia Cryptocurrency Adoption Reflected Massive Spike 

1
The adoption rate of crypto surged over 18% in the first quarter of 2023. 
2
Over 33% of the total population of Australia holds cryptocurrencies. 
Cryptocurrency adoption at the global level is constantly increasing. Still, the entire market has been battling volatility in the last few weeks since the United States Securities and Exchange Commission filed a lawsuit against Coinbase and other exchanges over selling unregistered securities. 
Soon after the lawsuit, the SEC labeled over 50 tokens as securities, including Solana, Cardano, and others. The prices of Bitcoin and Ethereum fell 5-8% after the SEC’s lawsuits.
In the last …
 

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