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London and Belfast are the most popular UK crypto cities. Newcastle is last

. Following on from a piece we wrote about the uptake of crypto within the UK, this one will dive a bit deeper into which British cities own the most crypto, and what the variance is across the country. The average Brit crypto investor has spent PS473 Overall, one in three Brits across the country…

Following on from a piece we wrote about the uptake of crypto within the UK, this one will dive a bit deeper into which British cities own the most crypto, and what the variance is across the country.

The average Brit crypto investor has spent PS473

Overall, one in three Brits across the country own crypto, according to VoucherCodes’ survey.

The average amount spent on crypto is PS473. Although this is not a significant amount, it can make a difference in your life.

5% of Brits have spent greater than PS2,000 on crypto. The markets have been very bad this year. The collapse of FTX this year is just the latest blow to an industry that has struggled all year.

This means that a large portion of these British investors are likely in the red, with crypto prices in freefall since Bitcoin’s all-time high of close to $69,000 in November 2021.

London the leading crypto city, Belfast second

London leads the way with an average spend of PS777.

It is not surprising that London is the UK’s financial center – and the hub for Europe as a whole – and is at the top of the list.

A PS777 spend is well clear of the average of PS473. Perhaps more notable is Belfast in second, with the Northern Irish city coming in at an average spend of PS699 – not too far off London.

Completing the top three is the Welsh city of Cardiff, shelling out an average of PS572 on crypto.

Newcastle spend the least on crypto

At the other end of the scale is Newcastle, with an investment of PS230 on average, the lowest in the survey.

The Northern city (which have the greatest football team in the world, this totally impartial journalist says) spend over 50% less than the UK average, and close to 70% less than Londoners.

With the current state of the market, it seems like the Geordies were right to make the right decision. Other cities that spend below the average include Liverpool, Brighton and Leicester, as well as Sheffield.

Sources

VoucherCodes.co.uk

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Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”