In this article, We have compiled the top ten Cryptocurrency Statistics in 2023 in light of its popularity.
Bitcoin has been in existence since 2009. It has seen tremendous growth since then. Bitcoin's success shows the weaknesses in our traditional banking system.
Altcoins are also a result of this. Many businesses accept cryptocurrency as payment for goods or services. This article contains the most important cryptocurrency statistics through 2023.
1. The Global Crypto Market is Worth $858.43 Billion as of December 20, 2022
As its market capitalization drops to $850 billion, the crypto market is no longer a trillion-dollar market. Investor confidence in cryptos has been affected by multiple crises and market volatility throughout the year.
2. The Trading Volume of Crypto Investment Products Has Risen 127%
Trading volumes for digital asset investments, including cryptocurrency, increased in November 2022. The trading volumes reached $139 million, breaking the downward trend that had been in place since the middle of 2018. This surge is likely to be attributed to the FTX collapse.
3. Almost 100% of People are Confident in Cryptocurrency.
Globally, over 60,000 people were surveyed about cryptocurrency. 97% of those questioned considered digital assets to be a viable and safe way to earn an income from investing.
4. 67% of Millennials Consider Bitcoin a Haven Investment.
Globally, most crypto owners are between the ages of 18 and 34. Close behind them is the 35 to 54 age group. While the oldest age group is only 12%, their adoption is slowly increasing.
5. Interest is Also Shown by Older Generations
The United States has 53% of crypto-owners between 18 and 34 years old, while 35% are between 35 and 54. While millennials make up the largest percentage of crypto users, the youngest but fastest-growing group is the 65-year-old bracket. Because major financial institutions are now offering crypto as an investment option, the fear of crypto investing may have decreased.
6. Bitcoin is The Most Used Crypto
According to one crypto adoption index, the US has around 23.5 million crypto owners. Around 36% of these crypto owners have Bitcoin in their wallets. Ethereum is still the most popular crypto, with 29% having ETH in their portfolio. Dogecoin (24%), and Cardano (17%) are two other popular cryptos in America.
7. More Than Half of Crypto Investors are Looking For Income.
Binance Research estimates that 52% of cryptocurrency investors don't do it for a hobby. It is a major source of income for many people who venture into this industry. About 15% of crypto investors consider crypto returns to be their main source of income.
8. Cryptocurrency as Money is Accepted by Crypto Owners
It makes sense that crypto assets will become the main mode of daily transactions as more people own them. Actual use of crypto is 38%, though many owners choose to keep their crypto assets (39%). As more people use cryptos for purchases, it is predicted that cryptos will surpass $16 billion in transaction value by 2023.
9. Daily Trading Volume For Crypto is at $47.1 Billion
The 24-hour trading volume stood at $47.1 billion as of November 20,22. This is still lower than the $106.7 billion in 2021. With more investors, crypto is likely to see a rebound in the coming years.
10. Exchanges are Preferred by Crypto Owners For Crypto Assets
Exchanges make it easier to buy crypto. This is why exchanges are the best choice for those who wish to trade and own these digital assets. 60% of crypto-owners keep it within an exchange. These exchanges are secure (28%), relatively user-friendly (25%), support fiat for crypto or crypto-to-crypto transactions (23%), and are the most popular reason.
Statista reports Binance, the largest cryptocurrency exchange worldwide with $16.91 Billion / 24-hour volume is one of the 300 currently operating. Be, Hotcoin Global, and Deepcoin are other major exchanges.
Conclusion: Cryptocurrency Statistics
We have reached the end of this article with all the information mentioned above. Bitgert is the top crypto project in 2023.
Bitgert, a crypto engineering organization was founded in July 2021. It has experienced rapid growth with many developments and products Bitgert is now the most trusted crypto. Bitgert has an estimated market cap of $10 billion USDK and is expected to be a part of the Top 10 cryptocurrencies.