The report, published by the Consumer Financial Institutions (CFI) division of the Federal Reserve's Philadelphia branch on September 6th, indicates that cryptocurrency ownership rates have not risen alongside market recovery. Data reveals that from January to October 2022, the rate of cryptocurrency ownership dropped from 24.6% to 19.1%. Even after the market showed signs of recovery over the subsequent 18 months, up until January 2024, the rate remained at 15.4%. Contrary to expectations, when Bitcoin hit its peak in March and then halved in April, there was no noticeable boost in ownership rates. On the other hand, researchers noticed that as price trends started to improve, there was an increase in future buying intentions. When the cryptocurrency market was experiencing a downturn, i.e., during the lowest point of 2022, buying intentions declined from 18.8% to 10.6%. However, as the market started to recover, by April 2024, 21.8% of respondents stated they were considering purchasing cryptocurrencies.