Edith Reads from Stocklytics.com mentioned, 'Crypto investors have a reason to smile, coming from significant losses to profits in 2023... 2024 might see more profits.'
The final quarter of 2023 saw Bitcoin prices surge by 45%, settling above $42,000 in December, impacting other assets and resulting in investors making substantial profits.
2022 marked significant challenges with crises like the FTX and Terra collapses leading to a $127 billion loss. The gains in 2023 did not completely offset the setbacks of 2022.
The cryptocurrency market cap dropped to $8.3 billion in 2022 from $2.3 trillion but rebounded to $1.8 trillion in 2023.
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