Home Business News Global crypto investors gained $37.6 billion in 2023

Global crypto investors gained $37.6 billion in 2023

by Thea Coates Finance Reporter
11th Apr 24 8:32 am

The crypto market experienced a remarkable turnaround in 2023, with investors enjoying significant gains.

Stocklytics.com reports that after a massive $127 billion loss in 2022, crypto investors gained $37.6 billion globally in 2023.

Edith Reads from Stocklytics.com commented on the gains, she said, “Crypto investors have a reason to smile, coming from significant losses to profits in 2023. Although the profits are not in the heights of 2021, it is an indication that crypto is rallying well, and 2024 might see more profits.”

2023 was fairly good

The year 2023 was marked by profits except in August and September, which saw Bitcoin’s largest loss by 11.3%, with prices dropping to $27,852.79. The drop in Bitcoin prices dragged down other assets, leading to the losses.

During these two months, investors cumulatively lost $2.9 billion. However, gains from other months reversed the losses, with Q4 2023 performing well as it marked the onset of a bull run.

In the final quarter of last year, Bitcoin prices surged by 45% to settle above $42,000 in December. This upward trajectory impacted other assets across the market, enabling investors to make huge profits. Q4 2023 accounted for 51% of the profits realized in the entire year, with December alone having gains of $8.5 billion.

Cryptocurrency market cap saw a significant hit in 2022, diving from $2.3 trillion to $8.3 Billion. Yet, the market cap rebounded to $1.8 trillion in 2023.

2022, a breaking moment

In contrast to the relative stability of 2021 and 2023, 2022 proved to be a pivotal year for many cryptocurrency investors amidst a challenging bear market. During this period, a series of crises, including the FTX and Terra collapses, rattled the market, prompting widespread panic sell-offs and resulting in collective losses totaling $127 billion for the year.

Although the gains of 2023 failed to fully offset the setbacks endured in 2022, the sustained upward trajectory of the market offers a glimmer of hope to investors, signaling a potential resurgence for the industry. Notably, U.S. investors reaped substantial returns, totaling $9.36 billion, leading the pack among nations, followed by the U.K. with $1.39 billion. Vietnam and China rounded out the top four earners for last year.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]