BitPay's Latest Report Reveals Crypto Spending Up During 2024 Bull Run
ATLANTA, May 2, 2024 /PRNewswire/ -- BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services, today released its latest report, "The 2024 BitPay Spending Report," which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run.
- ATLANTA, May 2, 2024 /PRNewswire/ -- BitPay , the world's largest provider of Bitcoin and cryptocurrency payment services, today released its latest report, "The 2024 BitPay Spending Report," which provides a comprehensive look into cryptocurrency spending during the historic 2024 Bitcoin bull run.
- Crypto payments up 20% from January 2024: March 2024 marked a marquee moment for BTC prices as well as spending.
- Spending trends tail BTC price increases: As the price of BTC and other cryptocurrencies increased, so did crypto consumer spending.
- These early 2024 increases in crypto spending preceded the recent Bitcoin halving, which has historically positively impacted crypto markets and, in turn, led to even more spending.