A new report from Germany-based Deutsche Bank reveals that cryptocurrency usage in the United States surged sharply in March, rebounding from a previous dip. According to the bank’s survey, crypto investment and usage rates in the US climbed from a February low of 7 percent up to 12 percent in March, returning to levels last seen in July of the previous year. This marks a significant upswing after adoption rates had peaked at 14 percent since the start of the Deutsche Bank study in 2023.
Institutional momentum and Bitcoin ETF inflows rise
The report highlights an increase in institutional demand during March, especially surrounding exchange-traded funds (ETFs) based on Bitcoin. Net inflows into these Bitcoin ETFs reached roughly $1.3 billion, indicating a marked return of institutional investors following a period of market wavering at the beginning of the year.
Deutsche Bank analysts Marion Laboure and Camilla Siazon emphasized that crypto usage rates in the US made a noticeable recovery in March for the first time since July 2025. They noted that renewed volatility in Bitcoin, coupled with heightened interest in new investment products, helped ease selling pressure.
According to the report, participation in the US crypto market began climbing again in March, spurred by institutional interest and inflows into Bitcoin ETFs.
Bitcoin’s price saw gains of nearly 9 percent in March, approaching the $70,000 threshold once again and recouping part of its losses from earlier in the year. Nonetheless, Bitcoin remains more than 20 percent down from the beginning of the year and well short of its all-time high above $120,000 set by the end of 2025. Recent advances toward $75,000 have been supported by reduced geopolitical concerns and a stronger appetite for risk. As reported by CryptoAppsy, Bitcoin is currently trading at the $75,000 mark.
Market outlook and investor attitudes
The recovery in the cryptocurrency market has been gradual. Bitcoin has repeatedly tested the resistance level near $75,000, and a decisive move above this threshold could signal the start of a new bullish trend. However, expectations that US interest rates will remain elevated, combined with energy-driven inflation pressures, continue to weigh on the crypto sector.
Meanwhile, trends in the United Kingdom and Europe appear steadier: crypto usage in the UK slipped to 9 percent, while Europe held steady at 7 percent. Diversification remains a focus for US investors, with rising interest in not only crypto funds but also gold and the S&P 500 index. The gap between these three asset preferences in the US continues to narrow.
Despite recent gains, many investors remain cautious about Bitcoin’s future price. Most respondents in the study expect Bitcoin to drop below its current $75,000 level by the end of 2026. Of US participants, 19 percent predict prices will land between $20,000 and $60,000, while 13 percent foresee a retreat below $20,000. Only a tiny 3 percent project a return to the record $120,000 level.
Bitcoin holds its central market position
Latest data confirm Bitcoin’s dominance as the primary cryptocurrency investment worldwide. About 70 percent of crypto investors hold Bitcoin, far outpacing the numbers for major stablecoins like USDT or USDC. In the US, 69 percent of surveyed respondents still view Bitcoin as their most important asset for the future.
Demographic trends show crypto adoption remains concentrated among men and higher-income groups, but the report notes that interest among women and lower-income segments is gradually increasing. Notably, the UK has seen a sharp rise in participation among younger users, signaling shifting dynamics within the market.
