US Cryptocurrency Usage Surges to 12% in March

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Apr 20 2026

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Usage Rate Recovery: According to Deutsche Bank's report, cryptocurrency usage in the US surged from 7% in February to 12% in March, marking the first significant rebound since July 2023, indicating renewed market interest in crypto assets.
Increased Institutional Demand: Net inflows into Bitcoin ETFs reached approximately $1.3 billion in March, signaling a return of institutional investors following early-year market volatility, which accelerated the recovery of the crypto market and pushed Bitcoin's price close to $70,000.
Cautious Market Outlook: Despite Bitcoin gaining nearly 9% in March, investors remain cautious about future prices, with 19% of respondents predicting prices will fall between $20,000 and $60,000 by the end of 2026, reflecting fragile confidence in the crypto market.
Demographic and Income Disparities: The report highlights that crypto adoption is primarily concentrated among men and higher-income groups, yet interest is gradually increasing among women and lower-income segments, particularly in the UK, where participation among younger users has significantly risen, indicating shifting market dynamics.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70352.029	72320.814	74662.419	76631.204	78972.809	80941.594	83283.199
Fibonacci	72320.814	73967.383	74984.635	76631.204	78277.773	79295.025	80941.594

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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