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Chainalysis: Worldwide Crypto Activity Surges Past 2021 Levels, One Region Takes Lead

  • The success of US Spot Bitcoin ETFs, rising stablecoin use, and global DeFi surge drive the current cryptocurrency bull run.
  • The CSAO region (Singapore, Indonesia, and India) shows robust institutional and DeFi engagement, ranking third globally for crypto value received.
  • Bitcoin reached new highs but recently corrected due to significant selling, with 728,000 BTC sold off.
  • Global crypto market maintains strong bullish prospects into 2025 with regulatory advances and discussions on oversight shifts.

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