The first decentralized cryptocurrency created was the famous Bitcoin. This unique cryptocurrency was created in 2009 and has since then experienced massive acceptance and growth globally.
Bitcoin has shocked the financial industry, and the level of success it was able to achieve since 2009 has exposed flaws in the traditional banking system.
From 2012 to 2020, Bitcoin gained over 193,639.36% of its value from when it was first created.
As of February 2021, its market capitalization had risen to $1072.21 billion, with the highest number of Bitcoin transactions done daily worldwide hitting 367,536 in the first quarter of 2021.
The emergence of Bitcoin has led to the development of thousands of other cryptocurrencies referred to as altcoins.
Around the world today, many countries have embraced the use of cryptocurrency, and several businesses have accepted it as a means of payment for their transactions.
Among all countries worldwide that perform cryptocurrency transactions, the country with the highest cryptocurrency adoption in Turkey. It owns about 20% of all cryptocurrency transactions done worldwide.
The user index for cryptocurrency in 2021 shows a 97% of confidence.
With this, it is projected that by 2023, the global blockchain market will hit a market cap of $23.3 billion, and by 2026, the market size for cryptocurrency will rise to $1087.7 million.
Quick Cryptocurrency Statistics
- Bitcoin is talked about on social media every three seconds
- Bitcoin has increased in value by 66% since February
- There were more than one million Ethereum transactions every day in 2020
- The first 10 cryptocurrencies make up 88% of the total market value
- Confidence in cryptocurrency is 100% as of January 2021
- Bitcoin was used to buy two pizzas in 2010 for 10,000 BTC
General Cryptocurrency Statistics
Considering the massive records that cryptocurrency has achieved within a short period, many worldwide have dived into the cryptocurrency market even without much knowledge of the market.
In fact, the world today is excited about the increased adoption of Bitcoin and other cryptocurrencies, and this has even seen some countries adopt Bitcoin as their legal tender.
Sadly, many have refused to adopt the use of cryptocurrency because they don’t have the basic knowledge of the difficult figures and potential cryptocurrency promises.
Due to this, a list of vital statistics on cryptocurrency has been put together to educate you.
These statistics talk about the different milestones of Bitcoin, cryptocurrencies, and the blockchain. This will give you a hint as to why many around the world are wanting its increased adoption.
Top Cryptocurrency Statistics
A recent survey on cryptocurrency revealed an overwhelming fact about Bitcoin’s popularity on the internet.
Statistics show that on an average daily, there are about 28,866 social media posts talking about Bitcoin.
When you do the calculations, you’ll find out that every hour an average of 1,203 posts about Bitcoin are made. This equals an average of 20 posts per minute and one post every three seconds.
2. Since February 2021, the price of Bitcoin has grown by 66%.
According to cryptocurrency statistics, the price of Bitcoin as a digital asset rate was just around $30,000 in January 2021.
This is an impressive achievement considering that Bitcoin was worth around $10,000 the previous year.
Bitcoin enthusiasts must have been excited about this, knowing the digital asset has excellent potential, and they can sell for a higher profit in the future.
However, the price dropped to about $20,000, but according to statistics, it’s still impressive compared to the previous year, as Bitcoin had grown by 66%. Today, the current price of Bitcoin is around $46,000.
3. As of February 22nd, Tether was the most prominent cryptocurrency token in the market, with a $109 billion volume in 24 hours.
Lately, Tether has experienced massive growth in popularity because of its dependence as a stable coin.
It is ironic when you consider the fact that Tether didn’t have smooth sailing from the beginning. It faced a lot of criticism initially, with the New York Attorney General being one of the biggest names to criticize the coin.
He claimed that Tether might not be as stable as it claims and argued that the coin had not gotten a 100% backing from the USD dollar.
During this challenging period, Tether refused to deny the claims against it. It further revealed that the endorsement from the USD dollar was only 74%.
However, over the years, it has proven its worth and serves various markets currently. Its value has grown dramatically, and it has been doing more numbers than bitcoin.
During the last week of February, Bitcoin clocked in at about $56 billion, while Tether did $108.77 billion, almost doubling Bitcoin’s stats.
It is officially the number one selling coin in 2021, according to cryptocurrency statistics, with Bitcoin and Ethereum taking second and third place, respectively.
4. In 2020, more than 1 million Ethereum transactions were performed daily.
Ethereum is Bitcoin’s biggest competitor and is slated to be bigger than Bitcoin in the coming years according to stats.
In the fourth quarter of 2020, Ethereum was the cryptocurrency with the highest amount of transactions performed per day.
It did almost four times Bitcoin’s number of transactions per day which were around 330K. Etherium did 1.2 million transactions as of February 2021 and remained top, with Bitcoin managing to do 272K.
Currently, the total number of Ethereum transactions done daily are 1.3 million.
5. By March 2020, it was recorded that there were 667 million new crypto-malware.
Malware is not new in this age of the internet because of the several avenues available to use it.
Cybercriminals have also extended their hacking prowess to the world of cryptocurrency, as they see it as an opportunity to steal untraceable funds.
In the past, many of these cybercriminals have been successful at it, but with the invention of blockchain technology, stealing digital assets has become more complex.
More than 600 million sneaky crypto-malware have been unleashed as of January 2020, according to cryptocurrency security statistics.
The number has increased by about 16 million in a year.
The malware unleashed between January and March 2020 are regarded as part of the most dangerous threats in the crypto world since its inception because this malware is almost undetectable and can even be mine for cryptocurrencies in the background without any suspicion.
The process is known as cryptojacking. To protect yourself against such malware, ensure you choose solutions that use behavioral intelligence for blocking any malware attempts for installation.
If you have already been exposed to such malware in your devices, use AI-driven counter intrusion tools against them.
6. About 88% of the cryptocurrency’s total market value is made up of the first ten cryptocurrencies with the highest market cap.
According to cryptocurrency statistics, the first ten cryptocurrencies with the highest market cap are Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Bitcoin SV, Binance Coin, Tezos, and EOS.
These ten digital assets make up 88% of the cryptocurrency’s total market value, while the remaining thousands of cryptocurrencies share the remaining 12%.
7. As of 2020, there were more than 300 Cryptocurrency exchanges around the globe.
The function of a Crypto exchange is to serve as a middleman between cryptocurrency sellers and buyers. These Crypto exchanges support fiat-for-cryptocurrency transactions.
Once fiat is converted to cryptocurrency, then crypto-to-crypto transactions can be done. According to cryptocurrency statistics, there were more than 300 Cryptocurrency exchanges in 2020.
Some of these Cryptocurrency exchanges are bigger and more popular than others.
The big players in this niche, according to a famous Cryptocurrency stats firm called Statista, includes Binance. Binance is and remains the more considerable Cryptocurrency exchange in the market.
As of February 2021, it averaged a massive $28.85 per 24-hour volume. HBTC and Hydax Exchange are the second and third positions with $14.44 billion and $12.19 billion, respectively.
8. As of February 2021, more than 14,915 Crypto Automated Teller Machines (ATMs) worldwide.
In January 2021, the number of basic and complex crypto Automated Teller Machines (ATMs) worldwide was around 14,000.
By February 2021, more than 915 new machines were deployed. Genesis Coin has about 34.6% of the Automated Teller Machines (ATMs) worldwide, making them the largest manufacturer of these devices. General Bytes is the second-biggest with 30% of the market share.
9. As of January 2021, the confidence in cryptocurrency is almost 100%.
The cryptocurrency market has gained so much fame and acceptance in the past years.
In fact, there has been a massive institutional and retail interest in Bitcoin and Etherium by many investors over the years. This dramatically increased in the last quarter of 2020.
In 2021 a survey about cryptocurrency confidence was carried out on more than 60,000 users worldwide.
The result showed that 97% of these users have confidence in cryptocurrency, as they confessed their faith in digital assets.
The statistics also showed that more than half of these cryptocurrency users consider venturing into crypto investment as a source of income.
10. As of 2021, about 900 new Bitcoins are mined and put into the market daily.
The number of Bitcoins available in the market increases every 10 minutes, according to stats. This is because miners are constantly excavating new blocks.
The average number of Bitcoin miners per day is 144, and each miner throws an average of 6.25 coins into circulation. That gives a total of about 900 Bitcoin daily.
11. One Ether was worth $1500.87 as of February 25th, 2021.
The crypto market is very volatile, and due to this, crypto prices are always unstable. Prices could drop one minute and go up in the next minute.
On January 25th, 2021, the price of one Ether rose by $131.78 in a single day, according to crypto stats. On February 25th price improved by $18.99 on a single day, taking the price of one Ether to $1500.87.
12. There were about 18.6 million Bitcoins in existence as of January 2021.
In 2020, about 300K Bitcoins were mined, according to crypto stats, and in January 2021, slightly more than 300k Bitcoins were mined.
This brings the total amount of Bitcoins that miners have unearthed to about 18.6 million coins as of January 2021.
The number of Bitcoins left in repositories to be mined by lucky miners was about 2,361,018 as of January 2021.
13. The Libra was speculated to be backed by the US dollar on a ratio of 1:1 when launched in 2021.
Cryptocurrency facts stated Facebook’s virtual money called Libra would be launched as a single coin in 2021.
Facebook already built a blockchain to support the creation of Libra in terms of verifiability and security.
The strategy the company planned to use for their virtual money was to peg it to fiat. However, the US dollar will only support Libra by 50% due to several regulatory hurdles.
14. The first time Bitcoin was spent in real life, it was used to purchase two pizzas for a cost of 10,000 BTC.
Based on statistics from cryptocurrency usage, two pizzas were purchased on May 22, 2010, for 10,000 BTC between two Bitcoin forum members.
Converting the value of 10,000 BTC with the current market price, this is equivalent to about 460,000,000 million USD.
15. About $6 billion worth of online transactions done daily are by Bitcoin accounts alone.
The statistic on the value of online transactions done by Bitcoin accounts alone is massive and only surpassed by two of the top payment networks in the world.
These are American companies Visa Card and MasterCard, which make $30.3 billion and $16.2 billion, respectively.
16. Apart from Bitcoin, there were 5,098 alternative cryptocurrencies in the crypto market as of 2020.
Bitcoin was created in 2009, and since its launch, it has paved the way for other cryptocurrencies to be created. At the moment, the crypto market is flooded with thousands of other cryptocurrencies.
Some of these cryptocurrencies have their unique blockchain, such as Ethereum; however, some others are built on the Ethereum and Bitcoin blockchain.
Coins like Libra exploit the flaws that Bitcoin has shown low transaction numbers per second. In all, more than 5K altcoins and 20K markets have been created as of 2020.
17. Between 2013 and 2021, there were more than 4000 cryptocurrencies.
Making digital assets is relatively easy, and due to this, more digital assets keep popping up. From 2013 and 2021, the number of cryptocurrencies created and listed is more than 4000.
That is a more than 90% increase in available cryptocurrencies before 2013. As much as the market keeps getting flooded with new cryptocurrencies, not all these digital assets are dominant.
The dominant cryptocurrencies are the popular ones like Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Bitcoin SV, Binance Coin, Tezos, and EOS.
These cryptocurrencies make up about 88% of the cryptocurrency market. More cryptocurrencies would have been recorded; however, the market is structured in that not all digital assets survive.
As of January 2021, about 1984 coins had not pulled through. Some coins are kicked out of the market for several controversial reasons.
Coins like BitConnect were pegged as Ponzi schemes and outed from the market. Others suffered catastrophic hacks by cybercriminals, while many faced away when they became valueless.
18. Bitcoin owners constitute about 65% of cryptocurrency users in the market.
Bitcoin remains the most popular digital asset in the crypto market. As of 2021, based on cryptocurrency users’ statistics for 2021, Bitcoin’s ownership had risen to almost 70%.
About 20% of the cryptocurrencies in digital cash traders’ portfolio is allocated to Bitcoin. The way these traders use cryptocurrency is interesting.
About 40% of users result in holding their coins hoping that it appreciates and they sell for a higher price.
About 11% of them use their coins to pay for goods and services online in barter trade. 22% lend or stake their coins for a profit.
Interestingly, the number of new cryptocurrency users added to the market daily keeps increasing, and this increases the number of cryptocurrency transactions daily.
These users trade several other cryptocurrencies; however, statistics show that about 65% of cryptocurrency users are owners of Bitcoin.
19. As of February 2021, there were 68 million cryptocurrency wallet users.
A wallet is like a digital wallet or bank account where cryptocurrency traders store their personal data. These digital wallets can hold and store several types of cryptocurrencies.
As of the fourth quarter in 2020, about 63 million wallets were already owned. In the first quarter of 2021, this number increased by 3 million.
20. Bitpay and Blockfi in 2020 collectively offered decentralized financing of $232 million.
In the last few years, there has been massive decentralized financing in the world of cryptocurrency and blockchain space, which is difficult to ignore. Blockfi has issued loans worth hundreds of millions of dollars with crypto as a security, while the worth of Bitcoin payments offered by Bitpay is around $72 million, according to cryptocurrency statistics.
21. By 2022, about $300 billion will be pumped into blockchain technology in Europe.
David Cheng-Messembourg, a founding partner of blockchain technology, is confident that funding for blockchain technology will increase significantly in the coming years. This was after consulting with more than 200 B2B blockchain companies.
The financing for Europe is projected to hit about $425 million or 350 million Euros by 2022 to 2023, according to blockchain statistics.
According to blockchain technology, the region has developed rapidly, and this should continue in the next few years, according to Cheng-Messembourg.
22. About $27 billion will be saved by banks through blockchain adoption by the end of 2030.
A lot of money is usually lost by the banks because of occurrences like money-laundry checks, reconciliations, payment processing, treasury operations, and compliance. The implementation of blockchain will help cut the expenses banks make in half and help these financial institutions save more than $25 billion by 2030.
23. In the first quarter of 2021, the daily Bitcoin transactions were close to 400,000.
Bitcoin has experienced massive growth, and this has led to a massive increase in its user base. Due to this, there are more Bitcoin transactions performed than ever before.
As of January 2021, almost 400,000 Bitcoin transactions were performed daily. This is about 78,722 than the numbers it did as of January 2018 transactions per day.
Interestingly, the first quarter of 2021 was when most economies were recovering from the effects of Covid 19. When this is considered, it’s safe to say that Bitcoin’s performance was exemplary.
24. As of the fourth quarter of 2020, Coinbase had about 43 million users.
Coinbase is one of the most popular and dominant cryptocurrency exchanges in the world. In 2021, the company filed because it had generated a good amount of revenue in 2020.
It made about $1.4 billion in revenue as of 2020, a double-digit growth compared to $480 million, which the company made in 2019.
Its net profit that same year, according to cryptocurrency exchange statistics, was $322 million net.
By the fourth quarter of 2020, Coinbase was already at $3 million daily, with a user base that had increased to about 43 million users.
25. The top South American country as of 2020 that adopted the use of cryptocurrency was Peru, with an adoption percentage of 16%.
In 2020, the collective worth of cryptocurrency held by Latin America was $25 billion. Its popularity in Latin America was due to the ability to move digital money overseas with ease and the minimal charges accompanying it.
That same year, Peru dominated the South American cryptocurrency market by 16%, making it the highest user of cryptocurrency in South America according to cryptocurrency statistics by usage.
However, certain countries have placed strict restrictions and regulations against the use and trading of cryptocurrency.
The reason for these restrictions is to curb fraudulent activities carried out through the exchange of cryptocurrency.
Yet, some other countries are lenient with its usage, and a few plan to adopt cryptocurrency like Bitcoin as their legal tender.
Countries like Turkey even encourage cryptocurrency mining and trading publicly.
26. 79% of cryptocurrency owners that live in the UK have invested in Bitcoin.
Bitcoin is the base currency for other digital currencies and can buy any other cryptocurrency at most exchanges.
Its adoption since 2009 has been impressive, and according to cryptocurrency users’ statistics, 79% of cryptocurrency owners living in the United Kingdom have invested in Bitcoin at some point.
27. The second trial for China’s digital currency was launched in the first quarter of 2021.
In the first quarter of 2021, China launched the second trial of its digital currency in Shenzhen, according to cryptocurrency statistics.
This was done with more than $3 million in electronic money and 50% more participants than the first trial, which had just about 5000 participants.
China’s primary aim is to dominate the US dollar, and the Central Bank of China has given its 100% support for this. Other countries like Switzerland, Cambodia, Norway, and Sweden plan to follow suit.
28. As of late 2020, more than 1000 US corporate blockchain projects were in the pipeline.
Blockchain statistics show that about 14% of blockchain projects were already in the process or awaiting production.
The other blockchain projects already in the process are already in piloting, and by 2021, experts predict that 30% of these blockchain projects will be ready for customers.
29. The record for the country with the highest number of tokens sold ever as of 2020 is held by the United States, with 48%.
Thousands of new cryptocurrencies were created with the surge of Bitcoin prices in 2017. ICOs, also known as token sales, were used to raise capital to create each new virtual currency.
Statistics on cryptocurrency volume for each country showed that about 48% of all token sales worldwide came from the US in 2020.
Singapore came in second with 12.78%, and the UK came third with about 10.5% sales. Over $5.6 billion was generated from token sales alone, although most of these sales are said to be fraud schemes.
30. As of 2020, the top country for cryptocurrency ownership and usage was Nigeria, with 32%.
Global cryptocurrency statistics show that Nigeria emerged at the top in cryptocurrency possession and utilization, with more than 30%.
The second country with the most cryptocurrency usage and ownership was Vietnam with 21%, with the Philippines coming in third with 20%.
These statistics are that many Nigerians, Vietnamese, and Filipinos who work in the diaspora prefer accepting cryptocurrency as a form of payment. It has proven to be a cheaper option for them when remitting the money in their countries.
Also, the addition of cryptocurrency plugins on cell phones in Nigeria and the endorsement of cryptocurrency usage by the Philippines Central Bank has contributed to its popularity and propelled its adoption.
31. 60% of the world’s hash rate is controlled by China.
China is the world’s number one Bitcoin miner. They mine a massive number of Bitcoin daily that even the US that is second on the list of Bitcoin miners doesn’t come close to.
China rules about 60% of the global hash rate, while the United States has 7%. China can achieve this because it produces the necessary equipment for mining and has vast mining farms.
32. About $150 billion was lost in the crypto market in 2021.
Cryptocurrency market statistics on January 11th, 2021, revealed that the crypto market experienced a loss of more than 100 billion within the space of 24 hours.
This was due to a massive tank in the market a day earlier that saw Bitcoin lose about 10% of its value, which equates to $34,200. Ether also suffered a massive loss, as its value dropped by 15%, with its price fluctuating between $945 and $1000.
33. By 2023, the global Blockchain market should rise to $23.3 billion, according to predictions from experts
In 2018, the blockchain market was only worth around $1.2 billion, according to statistics on the cryptocurrency market size.
By 2019, the value of the blockchain market has risen to $2.2 billion, and its year-on-year growth is expected to increase rapidly in the coming years.
With the popularity the crypto market has enjoyed in 2020 and 2021; it is predicted that by 2023, the value of the blockchain market should hit $23.3 billion.
As of 2018, $1.5 billion was spent globally on blockchain-related tech. The numbers are predicted to grow massively in the future.
The basis this prediction is made on is that blockchain technology is currently more accepted globally, and more industries look to integrate its features into their infrastructure.
35. Token sales made in 2020 raised only $20 million.
2020 is one of the years with the lowest token sales. The sales volume is low compared to 2017, where billions of dollars were generated from ICO sales alone.
According to reports, the decline in token sales is because, over time, most tokens have been proven to be Ponzi schemes and not worthy of investment.
This can be seen from 2017, as 80% of ICOs sales were revealed to be fraudulent, according to cryptocurrency transaction statistics.
The goal was to either raise funds for better cryptocurrency projects or defraud people of their money simply.
36. The market cap for Bitcoin in the first quarter of 2021 was at $1072 billion.
Bitcoin made some serious money moves in the first quarter of 2021. Cryptocurrency volume statistics revealed that its market capitalization had grown by $400 billion, the highest since its inception in 2009.
Bitcoin’s popularity increased massively in 2017, and this led to a sudden spike in its acquisition. That same year rose to $237 billion from $11.94billion in the last quarter of 2016.
37. From 2021 to 2026, there will be a CAGR of 3.5%.
Cryptocurrency predictions show that by 2026 there will be a global crypto compound annual growth for major cryptocurrencies of almost 4%.
This would see the global market size of major digital currencies like Bitcoin, Etherium, Dash coin, Ripple, Litecoin, and BNB, move to around $1087 million. The growth will be by almost 50% when compared to 2019 data.
38. Since 2017, over $20 billion has been raised through ICOs by cryptocurrency startups.
In 2016, about $2 billion was raised through ICOs in sales. The numbers increased massively from 2017 to 2018, with over $18 billion raised in ICOs sales.
This gives over $20 billion raised from 2016 to 2018. However, the ICO trend declined drastically from 2019 to 2020, yet, millions of dollars have been generated from token sales.
39. On average, it costs about $1576 per year to successfully run an extensive mining operation.
Bitcoin mining is no longer as easy as it once was because there are more miners, and the mining fields have now become oversaturated.
Therefore, excavating new coins is now more expensive, and over time, the reward for miners has gradually lost value.
You will have to use a computer with about 40TH/s computer power to effectively and efficiently mine Bitcoin in 2021.
This costs about $4.32 daily, which equals about $1576 per year. The reward received for the overheads is 0.08875 Bitcoins.
As of January 2021, 0.08875 Bitcoins would fetch a miner around $3,017, based on the market value of one BTC, which was about $34,000.
When mining Bitcoin, you’ll have to share the pool with other miners, and bear the rig costs, whether you are buying or renting it. The rig cost is from $2000 to $8000.
40. In 2021, for every new block discovered, Bitcoin miners get 6.25 Bitcoins
Cryptocurrency mining statistics show that miners will be rewarded with 6.25 Bitcoins for every new block in 2021.
This is a lot of money gained for any individual mining Bitcoin; however, it is lower than it used to be.
In 2009, miners were rewarded with 50 Bitcoins for every new block, but this has gone down over the years.
This is because every four years, the value of new blocks is designed to go down. It was mandated to follow this pattern as mandated by the mysterious creator of Bitcoin, Satoshi Nakamoto.
41. In 2021, Ether validators earn an average income of 0.0075ETH per day.
The reward given to Ether validators as of 2021 is lower than it has ever been. At inception, Ether validators got five Ether per day as rewards, and this was slashed to three Ether by 2017, after the Byzantium hard fork.
By 2018, the numbers dropped to two Ethers due to the Constantinople hard fork. Currently, validators are rewarded with just 0.0075ETH per day.
However, the number of Ether validators increases by 10% weekly, according to cryptocurrency users statistics. This has also seen network participation for Ether reach a record high of 95.15%.
42. The average time spent verifying a Bitcoin transaction is 10 minutes
It takes 10 minutes to verify a Bitcoin transaction in a block. When a transaction is verified, it is sent to the node and then added to the blockchain.
These statistics show that about 6.25 Bitcoins are released every 10 minutes and added to the market.
43. Crypto-jacking contributes to about 4.32% of all Monero cryptocurrency in circulation.
The majority of the resources gotten from crypto-jacking were used to mine Monero. This is because mining Monero through crypto-jacking is easy, and the transactions are untraceable transactions compared to Bitcoin.
This implies that over $64 million worth of Monero has been stolen according to its value in early 2021.
44. Crypto theft dropped by almost 60% in 2021
Cryptocurrency theft used to be an alarming and significant concern. However, the number of cryptocurrency thefts has drastically reduced, according to cryptocurrency theft statistics.
Over the years, this number has dropped significantly with a noticeable reduction by about 57% when compared to the percentage in the previous year. About $4.5 billion was lost due to cyber-crime 2019 alone, which shut up to $1.7B in 2018
The above cryptocurrency statistics about blockchain technology, Bitcoin, and the entire crypto market gives you a reason for the current hype.
This innovation promises a world of greater possibilities in the market and is predicted to have almost 99% acceptance and adoption in a few years.
These statistics show that investing in cryptocurrency now could see many investors taking the plunge in the coming years, although anything could happen to the market.