20+ Cryptocurrency Statistics 2023 – Investors, Market Value, Trading Volume
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Cryptocurrency Statistics: Cryptocurrency has been around for over a decade now and it is getting bigger and bigger. While very few people knew about the world of crypto trading, it is now a very common thing. More and more people are joining the group of people investing in cryptocurrency in order to make some big money. It is one of the most commonly accepted assets these days. The most important part of the success of cryptocurrency is that an increasingly diverse set of individuals is investing in it.
This was not the case a decade ago. Back then, only tech-savvy, privacy-focused investors dabbled in cryptocurrencies. But today you can easily trade them on apps. Several businesses around the world are now accepting various forms of cryptocurrency as a means of payment. While these cryptocurrencies provide unprecedented returns on investment, there are very few rules and regulations as of now around them. There are various things that people are still not aware of. So, here we have gathered some interesting and crucial cryptocurrency statistics for 2022. Let's have a look.
Key Cryptocurrency Statistics
- As of 2023, the market share of cryptocurrency is projected to be increased by $37.87 billion.
- In the same year, in the market of Cryptocurrency, the average revenue rate per user is going to be $56.19.
- Whereas, in 2023 the user penetration is around 8.8% and by 2027 it will be 12.5%.
- The revenue rate between the years 2023 to 2027, the annual growth rate is expected to be 14.40%.
- Whereas, the revenue rate by the end of 2027 is going to be $64.87 billion.
- Though there are no specific rules for it, cryptocurrency is the eighth biggest economy.
- The market cap of Bitcoin is around USD 741 billion.
- Bitcoin remains one of the most popular cryptocurrencies.
- As of March 2023, there are nearly 22,932 cryptocurrencies.
- Across the world in 2023, there will be more than 420 million cryptocurrency users in the United States holding a 13.7% market share.
- The valuation of Bitcoin is approximately $5.1 billion with Litecoin and Peercoin among the top 10.
- While confidence in decentralized digital currency is almost 100, around 67 percent of millennials see Bitcoin as a safe haven asset.
- Daily trading in crypto in 2023 is expected to reduce by $62.1 billion
- Over 50% of cryptocurrency investors aim for income.
- The top ten cryptocurrencies comprise 84% of the total cryptocurrency market value.
- The popularity of cryptocurrencies can be gauged by the fact that there's a social media post related to it every two seconds.
- As of 2023, cryptocurrency confidence has resulted in almost 100%.
- It is believed that banks could save USD 27 billion through blockchain adoption.
General Cryptocurrency Statistics
#1. Bitcoin has gained around 177,500 percent in the last ten years i.e. between 2012 and 2022
There has been an unexpected surge in the popularity of Bitcoin. It costs $22 for USD 1 million worth of the token.
At the start of 2023, Bitcoin reached $31,035 with a growth of 83% gain, whereas, the current price of Bitcoin is near about $39,000. This is undoubtedly a huge increase when compared to what the prices were just a few years ago.
In 2023, the monthly average price prediction of Bitcoin resulted in July ($25,175), August ($23,175), September ($21,525), October ($20,000), November ($21,500), and December ($21,500).
Whereas, the price prediction of Bitcoin is going to be $45,200, by the end of 2025 and roughly $69,000 by 2030.
#2. The cryptocurrency market cap is USD USD 1.76 trillion
Because of the unexpected popularity of crypto over the last few years, the total crypto market cap has now increased to $1.185 trillion in the 1st quarter of 2023 with an increase of 50% from last year. In other words, the cryptocurrency market in general accounts for the eighth biggest economy in the world. This could result in a significant amount of capital gains activity.
New Cryptocurrencies in 2023
(Source: influencermarketinghub.com)
#3. The market cap of Bitcoin is over USD 741 billion
As calculated in September 2023, the market cap of Bitcoin is around USD 517.61 billion which has decreased by 0.12% from last month. More than USD 700 billion will be required if you want to purchase every Bitcoin that exists right now. While ups and downs are an integral part of anything, one thing is sure Bitcoin is still the juggernaut.
#4. Cryptocurrencies' daily trading volume has increased to $1241.31billion
The latest statistics show more and more people are jumping on the crypto bandwagon. These people are making crypto-related transactions almost on a daily basis. The general size of the market shows that cryptocurrencies currently trade in high volumes every day.
As of 2nd August 2023, the trading volume of all cryptocurrencies around the world in 24 hours came to be $1241.31 billion. Interestingly, there was a downfall in the trading volume observed at $821.01 billion by December 2022. But this doesn’t mean that it is not going to increase again.
#5. More than 15,000 Bitcoin ATMs around the world
According to data available, there are more than 20,000 Bitcoins automated teller machines (ATMs) in the world.
This shows how Bitcoin is getting more and more popular in the year 2023 mostly found in Canada, the United States, the United Kingdom, and Austria.
Across the world in 2023, the global market share of Bitcoin ATM manufacturers is about 32%.
#6. Despite so many cryptocurrencies, Bitcoin still dominates
We have seen so many cryptocurrencies in the market these days. But crypto stats clearly show that Bitcoin is still the most popular among all.
Despite the rise of other cryptocurrencies, the dominance of Bitcoin in the market is around 45%. There might be some fluctuation in the value, but one thing is sure no other cryptocurrency is going to come near to Bitcoin.
Recently, 67% of Millennials have claimed that Bitcoin is a safe haven asset.
#7. There are over 500 spot exchanges around the world
As of 2023, there are around 671 spot exchanges for cryptocurrencies around the world. According to reports,
the total 24-hour trading volume resulted in around $1.06 trillion.
#8. The top 10 cryptocurrency exchanges account for around 79% of global trade volume
More than 80% of daily average trade volume takes place through the top 10 global cryptocurrency exchanges.
According to cryptocurrency statistics 2023, the topmost 24-hour trading volume of Binance resulted in $3.2 trillion.
Whereas, other cryptocurrency exchanges with trading volume are followed by Coinbase Exchange (42.2 billion), Kraken (20.05 billion), KuCoin ($18.37 billion), Bybit ($44.6 billion), Bitstamp ($63.69 million), OKX ($45.5 billion), Bitfinex ($39.57 million), HTX ($44.8 billion), and Gemini ($7.5 million).
#9. The trading volume of stablecoins worldwide is USD 77.86 billion every 24 hours
Crypto stats suggest that the total value of all stablecoins globally traded on average each day is USD 58.8 billion.
#10. Globally, income from cryptocurrencies around the world is $37.87 billion in 2023.
Those who are even slightly interested in the world of cryptocurrencies know that there is an opportunity to make some serious money and take a relatively big slice of the pie.
Statistics suggest that the total income from crypto around the world is $37.87 billion in 2023 and $64.87 billion by the end of 2027.
As of 1st July 2023, in the market of cryptocurrency, the global capitalization is expected to be $1.23 trillion.
#11. Crypto theft decreased in 2023
According to the report's cryptocurrency statistics, incidents of Cryptocurrency crimes have reduced by 65% in the 1st quarter of 2023.
In the same year, the ransomware attackers extorted more than $1 billion. This is considered to be another darker side of the crypto industry.
Cryptocurrency Demographics Statistics
#12. Blockchain wallets are used by over 70 million people around the world
A blockchain wallet is a system that allows you to store your cryptocurrency safely. This wallet, apart from storing cryptocurrency information, also encrypts your data. Once stored, users can log in with credentials so that they can protect their cryptocurrency assets from hackers. What is interesting is that about 1/3 of Nigerians use cryptocurrency. Also, every fifth person in Vietnam and the Philippines uses cryptocurrency.
#13. Bitcoin is more popular among males than females
Very interesting data shows that men are more interested in Bitcoin than women. However, surveys show that Bitcoin awareness among men and women is almost similar.
The survey said that 78% of participants said that they were aware of Bitcoin. As compared to this, 72% of males and 28% of females said they own Crypto in 2023. This is not a big difference but big enough to show that males are more interested in cryptocurrency than females.
On the other hand, the user generations of cryptocurrency are followed by Millennials (42%), GenX (28%), GenZ (18%), and Baby Boomers (12%).
Whereas, the user statistics of Cryptocurrency by ethnic are followed by White (58%),.Hispanic (23%), Black (12%), and Asian or other (6%)
#14. 67% of millennials feel that Bitcoin is a safe haven asset
Gold has been traditionally considered a safe-haven asset. However, this seems to have changed now. These days, millennials consider Bitcoin as a safe-haven asset.
#15. There's one crypto-related social media post every two seconds
Crypto is so popular these days that everyone is sharing some information related to it. According to stats, around 14,000 to 32,000 tweets appear every day on Twitter related to it. This number is expected to grow further.
Cryptocurrency & Impact On Environment Statistics
#16. Bitcoin mining requires as much energy as needed to power more than 10 million homes in a year
A lot of energy is used in Bitcoin mining. A lot more than you might think. The energy used in Bitcoin mining is enough to power more than 10 million homes a year. Also, it uses more energy than Argentina.
#17. Carbon emissions from bitcoin mining are even more than gold mining
Though Bitcoin is considered to safe-haven asset compared to gold, it has a more negative impact on the environment than gold mining. Stats clearly indicate that Bitcoin mining produces more global carbon emissions than mining for gold does.
#18. Carbon emissions from mining Bitcoin are more than that of New Zeland
The amount of annual carbon emissions from mining Bitcoin is even more than that of all of New Zealand and this includes all emissions including power, transportation, and others.
#19. The carbon footprint of one Bitcoin transaction is equal to 55,280 hours of watching YouTube
The carbon intensity of Bitcoin mining can be gauged by the fact that one transaction has an equivalent carbon footprint of 55,280 hours of YouTube watching.
#20. Several countries have already banned crypto as a means of payment
Despite the growing popularity of cryptocurrencies, there are several countries that have banned them. Countries, where crypto is restricted or illegal, are China, Bolivia, Algeria, Indonesia, Iran, and India.
#21. Most countries want to tax digital currencies like Bitcoin
It is interesting to note that there are certain countries that don't see the need to tax cryptocurrencies. However, there are many who want to tax digital currencies. Most countries are of the view that creating a digital currency through mining constitutes a taxable event.
#22. Cryptojacking is one of the leading cyber-threat
There are so many ways in which fraudsters try to dupe people. They also try several tactics to mine Bitcoin illicitly. One of the ways is through crypto-jacking. It is a process in which someone uses a machine to mine cryptocurrency without the owner's knowledge. The latest stats suggest that it is becoming the biggest cyber threat in the world.
#23. The United States is the leading user of Cryptocurrencies
In 2023, revenue earned by the United States is expected to be $17.96 billion and the user penetration will be 22.1%.
On the other hand, the market shares of other regions in the same year are followed by the United Kingdom ($1.89 billion), Asia ($5.56 billion), Germany ($1,618 million), and Europe ($9.91 billion).
#23. 42% of people invest in Cryptocurrency as is easier for investments
The figure states that people percentages with investment in Cryptocurrencies are followed by as it is easy to understand (34%), people who believed in Crypto’s mission statement (30%), investments help in accessing money plans (27%), this investment plans includes friends and family effectively (26%), people trust those investments more (24%), cryptos are more comfortable and portable investment than traditions investments.
(Source: forbes.com)
Conclusion
Cryptocurrency is becoming popular with each passing day. But there are several things related to it that are yet to be explained. While there are thousands of people who have earned a good profit, there is still no clarity on its future as several countries have put a ban on cryptocurrencies. But considering the global demand, it is certain that the digital currency will become more acceptable globally.
Sources
FAQ.
Cryptocurrency, also known as crypto, is a digital or virtual currency that is secured by cryptography. Digital currency can be used to purchase services and goods. These are still unregulated currencies and people take interest in them in order to earn some profits. The most popular of all these cryptocurrencies is bitcoin. Many companies that recently issued their currencies are commonly known as tokens.
According to a report, there are more than 13,000 active cryptocurrencies in the market. These cryptocurrencies are still increasing. Bitcoin is one of the most popular cryptocurrencies.
There are more than 300 million crypto owners throughout the world. Also, there are 18,000 businesses that have adopted and are already accepting them as payments.
Barry is a lover of everything technology. Figuring out how the software works and creating content to shed more light on the value it offers users is his favorite pastime. When not evaluating apps or programs, he's busy trying out new healthy recipes, doing yoga, meditating, or taking nature walks with his little one.
