36 Cryptocurrency Statistics & Trends For 2024

The cryptocurrency market has had a turbulent ride in recent years. In 2021, the market saw unprecedented growth, with Bitcoin and other cryptocurrencies reaching all-time highs. However, in 2022, the market crashed, with many cryptocurrencies losing over 50% of their value.

Cryptocurrencies were a new concept for many people back then, and the majority of people lost their money during that crash due to mindless investing.

Let us take you through the current state of cryptocurrencies and how the technology will look in time to come with insightful statistics.

Cryptocurrency Statistics 2024: Top Picks

  1. There are more than 25,000 cryptocurrencies in the marketplace as of 2023
  1. The cryptocurrency market is worth $1.27 trillion as of the 3rd quarter of 2023. 
  1. Cryptocurrencies are banned in 51 countries
  1. Bitcoins make up 40% of the cryptocurrency market value
  1. On average, 33 cryptocurrencies are created every week.
  1. 425 million people use cryptocurrency as of 2023.
  1. 21% of the people in the United States own cryptocurrencies
  1. Around 70% of the crypto investors are men and 30% are women. 
  1. Binance traders trade cryptocurrency worth $5.79 billion every 24 hours.

How much is the crypto market worth? 

  1. The global Cryptocurrency market is worth $1.27 Trillion as of 3rd quarter of 2023. 

The Crypto market was valued highest in November 2021, with a market cap of $3 trillion. 

Market Cap Of Crypto Recorded Over Time

The table below displays the market cap of Crypto recorded over time:

QuarterGlobal Cryptocurrency Market
Q4 20231.4 trillion (estimated)
Q3 20231.27 trillion
Q2 20231.3 trillion
Q1 20231.1 trillion
Q4 20220.8 trillion
Q3 20221.0 trillion
Q2 20221.4 trillion
Q1 20221.6 trillion
Q4 20212.6 trillion
Q3 20212.0 trillion
Q2 20211.8 trillion
Q1 20211.5 trillion

Source: Market Data From various Crypto Exchanges

  1. The global Cryptocurrency market size was valued at $4.67 billion in 2022.

The market is expected to grow at a CAGR of 12.5% between the forecasted time of 2023 and 2030.

This means that the market will reach $11.71 billion by 2030.

Source: Grand View Research

  1. Bitcoin makes up around 51.85% of the Cryptocurrency market value. 

The Bitcoins market is valued at around $682 billion worldwide as of 2023. Bitcoin’s market share has fluctuated over time, but it has generally remained above 50%

Ethereum holds the next biggest share (17.22%). 

Source: CoinGecko

Interesting facts about cryptocurrency

  1. 33 cryptocurrencies get created every week. 

Since the establishment of Bitcoin in 2009, more than 22k cryptocurrencies have been created. This breaks down to 5 new cryptocurrencies being created every day. 

Source: CoinMarketCap

  1. 84% of the world’s blockchain patents belong to China. 

Even though cryptocurrencies are currently banned in China, The country has a massive interest in blockchain technologies. In 2021, around 16,000 new blockchain patent applications were recorded in China. 

Source: Financial Express

Bonus: Check out blockchain statistics for further details.

  1. Cryptocurrencies are banned in 51 countries. 

Even though crypto is known as the global currency, it is banned in some countries of the Middle East and Africa. 

Source: Money.com. 

  1. Startups in blockchain and cryptocurrency have the highest failure rate.

95% of the startups in the cryptocurrency and blockchain industry fail. 

Did you know? Blockchain and Cryptocurrency startups raised around  $3.9 billion in venture capital rounds.

How many people invest in Crypto?

  1. Over 420 million people worldwide own cryptocurrency as of 2023. 
Over 420 million people worldwide own cryptocurrency

This means that, on average, 4.2% of people worldwide own cryptocurrencies

Source: Triple AI

  1. 425 million people use cryptocurrency as of 2023. 

The majority of people buy cryptocurrencies as an investment, hoping that their value will increase over time.

Number of Cryptocurrency Users Recorded Over Time

The following table displays the number of cryptocurrency users recorded over time:

TimeNumber of crypto users
Q4 2022425 million 
Q3 2022385 million
Q2 2022338 million
Q1 2022319 million
Q4 2021295 million

Source: Statista

Did you know? Global investments that targeted blockchain and cryptocurrency enterprises reached $1.2 billion. For more insights, check out Fintech Statistics.

How many Americans own Bitcoin?

  1. Around 46 million people in America own a share of Bitcoin.

This accounts for roughly 22% of the US adult population. 

Source: Newsweek

  1. 36% of the crypto owners own Bitcoin, making it the most owned crypto. 

Cryptocurrency investors and demographics

  1. Around 70% of the Crypto owners are men, representing only 48% of the general population. 

On the other hand, only 30% of the crypto owners are female, but they represent 52% of the general population. 

Source: Morning Consult

  1. 62% of the Crypto owners are white.

Considering the fact that 69% of the population in the United States is White, it comes as no surprise that the highest percentage of Crypto owners in the United States are White.

Here are further details about the ethnicity and race of crypto owners in the United States. 

Ethnicity/ Race Percent of Crypto ownership Percent of US adult population 
Black or African-American8%10%

Source: Morning Consult

  1. 57% of the total crypto owners are millennials in the United States.

Most of the crypto owners belong to the working class and are financially educated about crypto and other assets. Hence, most of the crypto owners are Millennials. 

At the same time, the second highest share of crypto owners is GenX. 

The following table shows the share of crypto owners by different generations in the United States. 

Share of Crypto Owners By  Different Generations In the United States
Generation Percent of Total Crypto Ownership
Gen Z13%
Millennials 57%
Gen X20%
Baby Boomers10%

Source: Morning Consult

Crypto Adoption Statistics

  1. Cryptocurrencies have seen the fastest adoption rate of any technology in history.
  1. India has the highest global crypto adoption rate of 29%. 

On the other hand, Germany has the lowest crypto adoption rate of 6%. The United States has an adoption rate of just 17%. 

Countries That Have The Highest Crypto Adoption Rates

The following table displays the countries that have the highest crypto adoption rates. 

CountryCrypto Adoption Rate
Hong Kong18%

Source: Buy Bitcoin Worldwide

Cryptocurrency Trading Statistics

  1. Every 24 hours, Binance traders trade cryptocurrency worth $5.79 billion. 

At the same time, Coinbase Exchange users and Kraken users trade cryptocurrency worth $1.6 billion and $0.98 billion every 24 hours. 

Source: CoinMarketCap

  1. 62% of the crypto owners in the United States trade Coinbase.

Coinbase is the most preferred trading platform for American crypto owners. The users reported that they are more likely to use Coinbase over Robinhood. 

Source: Statista

  1. Crypto funds manage over $59.6 billion in assets.

According to Crypto Funds research, just a few crypto firms control most of the world’s crypto investment assets. Only 7% of the crypto firms have $100 million or more in assets, while 39% have $10 million or less. 

Source: Crypto Funds research

Crypto Fraud Statistics

  1. Over 46,000 people reported losing more than $1 billion in crypto between January 2021 and June 2022. 

Cyber attacks continue to target networks, critical infrastructure, organizations, and individuals. 

According to the estimates made by Matt O’Neill (deputy special agent in charge of cyber for the U.S. Secret Service), consumers in the United States lost  $2.6 billion in these scams. 

Crypto scammers are working in pace and are predicted to surpass these numbers in 2023.

Source: U.S. Federal Trade Commission.

  1. Crypto-related scams accounted for more than $2.57 billion in 2022. 

This was over one-third of the total investment fraud, accounting for  $3.31 billion in the year 2022. 

Source: Federal Bureau of Investigation

  1. $40 billion was lost in the largest attack witnessed by the cryptocurrency industry.

The largest attack on cryptocurrency was recorded in May 2022. Terra Classic lost $40 billion in this attack.

Source: DeFiYield

  1. The highest number of crypto frauds was recorded in 2022. 

120 different crypto fraud incidents occurred during the year.  This represents a 28% rise in the number of crypto incidents recorded in 2021. 

However, the total loss across all the incidents was less than half of that recorded in 2021. 

Number Of Crypto Fraud Incidents Recorded Over The Years

The following table displays the number of Crypto fraud incidents recorded over the years. 

YearNumber of crypto fraud incidents

Source: The Fintech Times. 

Did you know? Crypto crimes are expected to cost the world $30 billion annually by the end of 2025. 

Cryptocurrency mining statistics

  1. Bitcoin mining has a total capital of $8.11 billion. 

Besides, the Bitcoin miners generate a daily revenue of $27.70 million. 

Source: Techopedia. 

  1. Over 63 million of revenue is raised from cryptocurrency mining worldwide daily. 

Source: Statista. 

  1. The average Ethereum mining setup earns  $4,854.50 per year.

The average mining setup requires 7 GPUS, each with  50 megahashes per second of computing power. Based on the current data, the setup would earn a miner just $13 daily.

Source: BitInfoCharts & CoinMarketCap.

Why do people invest in cryptocurrencies?

  1. 27% of the investors believe that they have easier access to money when invested in cryptocurrency. 

At the same time, 30% of the investors invest in crypto as they believe in the message and the mission statement behind the cryptocurrency. 

Above all, the majority of people invest in crypto as it is easier to invest in compared to other methods. 

The following table displays the top reasons people choose to invest in cryptocurrencies:

Reasons to invest in crypto Percentage of people 
Easier to invest in 42%
Easier to understand 34%
Believe in crypto’s mission statement 30%
Easier to access their money27%
Their friend’s and families’ investments performed well26%
They trust it more24%
Investing in crypto is more profitable compared to other traditional investments. 21%

Source: Forbes

Crypto market timeline

This section will provide details about the evolution of Crypto since its creation. 

Year Events 
1995Digicash was invented.
1998Bit gold was created.
2008 Blockchain technology came into existence. 
2009Bitcoin is mined and transacted for the first time. 
2010Laszlo Hanyecz buys two pizzas for 10,000 BTC.
2011The first online store accepts Bitcoin. 1 bitcoin was valued at $1. 
2013Bitcoin’s total value exceeded $1 billion, Dogecoin was created. 
2016Bitcoin enters a new Bull market, and Ethereum arrives. 
2017Bitcoins price hits $20,000.
20197 major crypto exchanges were hacked. 
2020Crypto lending went mainstream as a response to the pandemic. 
2021Dogecoin’s value passes $0.50, an increase of 20,000% in a year. 
2021The market cap of crypto crosses $3 trillion. 
2022Another Crypto crash occurs, and the market cap lowers to $800 million. 

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