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July 31, 2023 1:28 PM | 2 min read

A new study has unveiled the cryptocurrencies that Americans are most interested in selling Bitcoin (CRYPTO: BTC) and Ethereum(CRYPTO: ETH) leading the pack.

What Happened: The research, conducted by crypto-gambling experts at Cryptogambling.tv, utilized Google Trends data to identify the cryptocurrencies that U.S. residents are most eager to sell.

The study considered the 24 largest cryptocurrencies by market cap and calculated an average weekly search volume for the interest in selling each cryptocurrency.

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The highest number of searches for 'sell bitcoin' occurred at the end of July, both in the U.S. and globally.

The primary reason for wanting to sell Bitcoin is the current financial and economic strain many countries are experiencing, leading people to cash out and minimize their losses.

Last year, the price of Bitcoin fell below $16,000, a significant drop, and with Bitcoins value being purely speculative, it can be a tough call for those unsure whether to hold or sell.

The highest number of searches for 'sell Ethereum' occurred in September worldwide.

Despite Ethereum owning approximately 20% of the global crypto market and being considered one of the safest long-term coins, its current price of $1,458 and the upcoming shift from Proof of Work (PoW) to Proof of Stake (PoS) may reduce its supply, prompting some to sell.

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"The cryptocurrency market is forever fluctuating, and with the increase in economic stress worldwide, it can be an uncertain and nerve-racking time for those hoping to make sound investments in the crypto world," a Cryptogambling.tv spokesperson said. "This study offers an interesting insight into which crypto coins Americans currently want to sell, with Bitcoin being the most popular to sell."

Read Next:BRICS Emerges As New Global Powerhouse, US Dollar Faces Uncertain Future

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