United States Dominates Global Crypto Market With Massive $9.3 Billion In Profits
16 Março 2024 - 1:00AM
NEWSBTC
In a recent report by market intelligence firm Chainalysis, it has
been revealed that global crypto gains in 2023 amounted to a
staggering $37.6 billion. This profit surge reflects improved asset
prices and market sentiment compared to 2022. Although this
figure falls short of the $159.7 billion gains witnessed during the
2021 bull market, it signifies a significant recovery from the
estimated losses of $127.1 billion experienced in 2022. Sharp Surge
In Crypto Gains The report suggests that despite similar growth
rates in crypto asset prices in 2021 and 2023, the total gains for
the latter year were lower. According to Chainalysis, this
discrepancy could potentially be attributed to investors’ decreased
inclination to convert their crypto assets into cash. The
analysis further suggests that investors in 2023 seem to have
anticipated further price increases, as crypto asset prices did not
exceed previous all-time highs (ATHs) during the year, unlike in
2021. Related Reading: Altcoins Fall: Will Ethereum And Solana
Bulls Surpass Expectations? Cryptocurrency gains remained
relatively consistent throughout 2023, except for two consecutive
months of losses in August and September, as seen in the image
above. However, gains surged sharply thereafter, with November and
December eclipsing all previous months. United States Leads Leading
the pack in cryptocurrency gains was the United States, with an
estimated $9.36 billion in profits in 2023. The United Kingdom
secured the second position with an estimated $1.39 billion in
crypto gains. Notably, several upper and lower-middle-income
countries, particularly in Asia, such as Vietnam, China, Indonesia,
and India, achieved significant gains, each surpassing $1 billion
and ranking within the top six countries worldwide.
Chainalysis had previously observed strong cryptocurrency adoption
in these income categories, particularly in “lower-middle-income”
countries, which demonstrated resilience even during the recent
bear market. The gains estimates indicate that investors in these
countries have reaped substantial benefits from embracing the asset
class. Related Reading: Crypto Pundit Says God Candle Is Imminent
For This Solana-Based Meme Coin Ultimately, the Chainalysis report
suggests that the positive trends observed in 2023 have carried
over into 2024, with prominent cryptocurrencies such as Bitcoin
(BTC) hitting all-time highs of $73,700 following the approval of
Bitcoin exchange-traded funds (ETFs) and increased institutional
adoption. If these trends persist, the firm believes that it
is conceivable that gains in 2024 will align more closely with
those witnessed in 2021. As of this writing, the total crypto
market cap valuation stands at $2.5 trillion, a sharp drop of over
4% in the last 24 hours alone, and down from Thursday’s two-year
high of $2.7 trillion. Bitcoin, on the other hand, is trading at
$68,400 after dropping as low as $65,500 but has quickly regained
its current trading price, limiting losses to 4% over the past 24
hours. Featured image from Shutterstock, chart from
TradingView.com
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