Crypto Ownership Plummets in Singapore as Investors Rebalance

The cryptocurrency market experienced a major shift in Singapore in 2024, with ownership dropping by 11% and 50% of investors selling their holdings. This trend appears to be driven by a more focused approach to investing, where many are choosing to lock in profits and rebalance their portfolios rather than chase the recent market rally. A new report from the Independent Reserve Cryptocurrency Index reveals that this shift reflects a strategic recalibration in how Singaporean investors view crypto.