The Bitcoin (BTC) price again reached an all-time high in 2025, as values exceeded over 114,128.35 USD on August 6, 2025. Price hikes in early 2025 were connected to the approval of Bitcoin ETFs in the United States, while previous hikes in 2021 were due to events involving Tesla and Coinbase, respectively. Tesla's announcement in March 2021 that it had acquired 1.5 billion U.S. dollars' worth of the digital coin, for example, as well as the IPO of the U.S.'s biggest crypto exchange, fueled mass interest. The market was noticeably different by the end of 2022, however, after another crypto exchange, FTX, filed for bankruptcy.Is the world running out of Bitcoin?Unlike fiat currency like the U.S. dollar - as the Federal Reserve can simply decide to print more banknotes - Bitcoin's supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin's original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021.Bitcoin's price outlook: a potential bubble?Cryptocurrencies have few metrics available that allow for forecasting, if only because it is rumored that only a few cryptocurrency holders own a large portion of the available supply. These large holders - referred to as 'whales'-are' said to make up two percent of anonymous ownership accounts, while owning roughly 92 percent of BTC. On top of this, most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors. This means outlooks on whether Bitcoin prices will fall or grow are difficult to measure, as movements from one large whale are already having a significant impact on this market.
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In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.
This dataset appears to be a time series dataset containing financial market data, specifically related to a certain asset or cryptocurrency. The columns in the dataset represent various financial metrics and market attributes. Here's a brief description of each column:
Date (Start-End): This column likely represents the time period for which the data is recorded, with a start and end date for each entry.
Open: The opening price of the asset or cryptocurrency at the beginning of the time period.
High: The highest price reached during the time period.
Low: The lowest price reached during the time period.
Close: The closing price of the asset or cryptocurrency at the end of the time period.
Volume: The trading volume, which typically represents the total number of units of the asset traded during the time period.
Market Cap: The market capitalization, which is often the product of the closing price and the total supply of the asset.
This dataset can be used for various financial and statistical analyses, including studying price trends, volatility, and trading volume over time. It may be particularly useful for analyzing the performance of the asset or cryptocurrency over the given time frame and identifying patterns or insights for investment or trading strategies.
It is estimated that the cumulative market cap of cryptocurrencies increased in early 2023 after the downfall in November 2022 due to FTX. That value declined in the summer of 2023, however, as international uncertainty grew over a potential recession. Bitcoin's market cap comprised the majority of the overall market capitalization. What is market cap? Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency. Cryptocurrency as an investment The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. However, this does little for price stability. As such, few firms accept payment in cryptocurrencies. As of June 25, 2025, the cumulative market cap of cryptocurrencies reached a value of ******.
By 2025, the Bitcoin market cap had grown to over ***** billion USD as the cryptocurrency kept growing. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately *** billion U.S. dollars in 2013 to several times this amount since its surge in popularity. Dominance The Bitcoin market cap takes up a significant portion of the overall cryptocurrency market cap. This is referred to as "dominance". Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". The Bitcoin dominance was above ** percent. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, well over ** million out of all 21 million possible Bitcoin had been created. Bitcoin's supply is expected to reach its maximum around the year 2140, likely making mining more energy-intensive.
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OHLCV is an abbreviation for the five critical data points: Open, High, Low, Close, and Volume. It refers to the key points in analyzing an asset such as Bitcoin (BTC) in the market over a specified time. The dataset is important for not only traders and analysts but also for data scientists who work on BTC market prediction using artificial intelligence. The 'Open' and 'Close' prices represent the starting and ending price levels, while the 'High' and 'Low' are the highest and lowest prices during that period (a daily time frame (24h)). The 'Volume' is a measure of the total number of trades. This dataset provides five OHLCV data columns for BTC along with a column called "Next day close price" for regression problems and machine learning applications. The dataset includes daily information from 1/1/2012 to 8/6/2022.
Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana, or SOL, more than tripled during the summer of 2021. This had all but evaporated by the end of 2022, as a price of 164.08 U.S. dollars for SOL on August 6, 2025, was similar to the price of Solana in early 2021. The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin to avoid bankruptcy. The Solana protocol is similar to Ethereum in that it can allow for non-fungible tokens to be created ('minted') or traded. Solana, however, uses a technology called 'PoH' or Proof of History, which allows it to reach high transaction speeds. The Solana Foundation, the creators of the protocol, based in Switzerland, claims they could reach up to 65,000 transactions per second compared to 16 for Ethereum. Additionally, Solano had no transaction fees or 'gas', unlike Ethereum, which had growing transaction costs. These two reasons combined - Solana being deemed cheaper and faster than Ethereum - turned this relatively young protocol into a breeding ground for NFT projects in August 2021.
Ethereum's price history suggests that that crypto was worth more in 2025 than during late 2021, although nowhere near the highest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world's most expensive NFT for over 38,000 ETH - or 69.3 million U.S. dollars. Unlike Bitcoin, of which the price growth was fueled by the IPO of the U.S.'s biggest crypto trader, Coinbase, the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called 'Berlin update' rolled out on the Ethereum network in April 2021, an update that would eventually lead to the Ethereum Merge in 2022 and reduced ETH gas prices - or reduced transaction fees. The collapse of FTX in late 2022, however, changed much for the cryptocurrency. As of July 22, 2025, Ethereum was worth 3,765.45 U.S. dollars - significantly less than the 4,400 U.S. dollars by the end of 2021.Ethereum's future and the DeFi industryPrice developments on Ethereum are difficult to predict but cannot be seen without the world of DeFi, or decentralized finance. This industry used technology to remove intermediaries between parties in a financial transaction. One example includes crypto wallets such as Coinbase Wallet that grew in popularity recently, with other examples including smart contractor Uniswap, Maker (responsible for stablecoin DAI), moneylender Dharma and market protocol Compound. Ethereum's future developments are tied with this industry: Unlike Bitcoin and Ripple, Ethereum is technically not a currency but an open-source software platform for blockchain applications, with Ether being the cryptocurrency that is used inside the Ethereum network. Essentially, Ethereum facilitates DeFi, meaning that if DeFi does well, so does Ethereum.NFTs: the most well-known application of EthereumNFTs or non-fungible tokens, grew nearly tenfold between 2018 and 2020, as can be seen in the market cap of NFTs worldwide. These digital blockchain assets can essentially function as a unique code connected to a digital file, allowing to distinguish the original file from any potential copies. This application is especially prominent in crypto art, although there are other applications: gaming, sports, and collectibles are other segments where NFT sales occur.
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According to Cognitive Market Research the global Crypto currency market size will be USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2025-2033
Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future
North America expected to generate revenue of XX%.
Europe expected to generate revenue of XX%.
Latin America expected to generate revenue of XX%.
Middle East & Africa expected to generate revenue of XX%.
South America expected to generate revenue of XX%.
Market Dynamics
Key Drivers
Tech Driven Growth is creating new avenues in cryptocurrency
Block chain the underlying technology of most crypto currencies establishes a innovative structure fundamentally redefines how value is exchanged and information is recorded, addressing the critical limitations of traditional systems. decentralized, distributed and immutable ledgers. As per stats Network like Bitcoin boast around 20,000 nodes across 93 countries with Ethereum has a roughly 5,922 nodes in 81 countries.As of may 2025 there are 960 Decentralized crypto exchanges taken place with combined 24-hour trading volume of 14$ billion and DeFI volume dominance is around 18.3%.Another important technological angle in this market is cryptography (Techniques like hashing and public key cryptography) are essential and plays the vital role in securing transaction, verifying identities and ensuring the integrity of data on block chain As per stats the overall blockchain security market which fundamentally relies on these cryptographic principles is projected to grow significantly. it grew from USDXX Billion in 2014 and by 2029 it will grow by 37.4 billion and with a CAGR of XX % Certain government initiatives globally are adopting a multi-faceted approach to the cryptocurrency market, driven by a desire to balance innovation with financial stability, consumer protection, and the prevention of illicit activities. While approaches vary from outright bans to embracing supportive policies, several key initiatives and trends are emerging on a global scale are Anti Money laundering (AML) & Counter terrorist Financing., FATF Guidelines has been a leading force talking about the financial stability concerns. The Basel committee on Banking supervision has issued financial prudential standard.
Key Restraints
The cryptocurrency market's progress has been impeded by significant security concerns and its characteristic price volatility.
The Decentralized nature of crypto while offering independence also presents unique security challenge that have led to substantial financial losses and a general reluctance from a new users and large institutions according to Chain lysis 2024 Crypto Crime Report Illicit Crypto transactions totaled 24.2 $ billion in 2023 also lack of traditional oversight makes the crypto market fertile ground for rug pulls, phishing attacks and Ponzi schemes As per the stats in 2023 alone scam revenue in crypto reached 1.1 $ billion according to chain lysis. So the twin challenges of security vulnerabilities which breed distrust and led to significant financial losses and extreme price votality which undermines utility and deters stable investments collectively act as substaintial brakes on crypto currency market
Key Trends
The Rise of Stablecoins and Central Bank Digital Currencies (CBDCs)
Stablecoins such as USDT, USDC, and BUSD are increasingly recognized as low-volatility digital assets suitable for payments, trading, and remittances. Their linkage to fiat currencies ensures stability while preserving the efficiency of cryptocurrencies. Concurrently, central banks in nations like China, India, and those within the EU are working on CBDCs to digitize national currencies using blockchain technology. These advancements signify a merging of traditional finance with decentralized systems, resulting in more regulated and broadly accepted digital currency environments.
Tokenization of Real-World Assets (RWA)
Blockchain technologies are facilitating the tokenization of physical assets—including real estate, art, stocks, and carbon credits—enabling fractional ownership, enhanced liquidity, and seamless trading across borders. Organizations ...
Bitcoin's circulating supply has grown steadily since its inception in 2009, reaching over **** million coins by late July 2025. This gradual increase reflects the cryptocurrency's design, which put a limit of ** million on the total number of bitcoins that can ever exist. This impacts the Bitcoin price somewhat, as its scarcity can lead to volatility on the market. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By July 2025, more than ** percent of all possible Bitcoin had been created. That said, Bitcoin's circulating supply is expected to reach its maximum around the year 2140. Meanwhile, mining becomes exponentially more difficult and energy-intensive.
Institutional investors
In 2025, countries like the United States openly started discussion the possibility of buying bitcoins to hold in reserve. By the time of writing, it was unclear whether this would happen. Nevertheless, institutional investors displayed more interest in the cryptocurrency than before. Certain companies owned several thousands of Bitcoin tokens in 2025, for example. This and the limited number of Bitcoin may further fuel price volatility.
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This dataset contains bitcoin transfer transactions extracted from the Bitcoin Mainnet blockchain. Part2 is available at https://zenodo.org/deposit/7157854 Part3 is available at https://zenodo.org/deposit/7158133 Part4 is available at https://zenodo.org/deposit/7158328 Details of the datasets are given below: FILENAME FORMAT: The filenames have the following format: btc-tx-
Cryptocurrency hacks and thefts increased substantially in 2022, especially due to Terra Classic and FTX. The source mentions that the average value lost in 2022 was roughly ********* than in 2021. 2022 was shaken by several high-profile incidents that rippled through the entire market. The fall of stablecoin UST resulted in the loss of other cryptocurrencies, whereas multiple crypto exchanges suffered from the fall of FTX at the end of the year.
Bitcoin dominance steadily declined in April 2024 to below ** percent, amid rumors of central banks halting or potentially lowering interest rates in the future. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". Why dominance matters is because market caps of any crypto can change relatively quickly, either due to sudden price changes or a change of recorded trading volume. Essentially, the figure somewhat resembles a trading sentiment, revealing whether Bitcoin investors are responding to certain events or whether Bitcoin is losing out on functions offered by, for example, stablecoins or NFT tokens. "Dominance" criticism: Ethereum and stablecoin The interpretation of the Bitcoin metric is not without its criticism. When first conceived, Bitcoin was the first cryptocurrency to be created and had a substantial market share within all cryptocurrencies? The overall share of stablecoins, such as Tether, as well as Ethereum increasingly start to resemble that of Bitcoin, however. Some analysts argue against this comparison. For one, they point towards the large influence of trading activity between Bitcoin and Ethereum in the dominance metric. Second, they argue that stablecoins can be traded in for Bitcoin and Ethereum, essentially showing how much investors are willing to engage with "regular" cryptocurrency. A rally around Bitcoin in late 2023? By December 2023, the Bitcoin price reached roughly 41,000 U.S. dollars — the first time in 20 months such a value was reached. A weaker U.S. dollar, speculation on decreasing interest rates, and a potential Bitcoin ETF approval are believed to be at the heart of this price increase. Whether this will hold in 2024 is unclear: The monthly interest rate from the U.S. Fed is speculated to decrease in 2024, despite a vow of "higher for longer". In December 2023, the thought of decreasing interest rates and the potential of a Bitcoin ETF fuelled market sentiment towards riskier assets.
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The global cryptocurrency market is projected to ascend to US$ 13 billion by the end of 2034, up from US$ 3.8 billion in 2024. Worldwide revenue has been calculated to increase at a high-value CAGR of 13% from 2024 to 2034.
Report Attribute | Detail |
---|---|
Cryptocurrency Market Size (2024E) | US$ 3.8 Billion |
Projected Market Value (2034F) | US$ 13 Billion |
Global Market Growth Rate (2024 to 2034) | 13% CAGR |
China Market Value (2034F) | US$ 1.4 Billion |
Canada Market Growth Rate (2024 to 2034) | 13.5% CAGR |
North America Market Share (2024E) | 23.9% |
East Asia Market Value (2034F) | US$ 3 Billion |
Key Companies Profiled | Intel Corporation; Microsoft Corporation; NVIDIA Corporation; BitFury Group Limited; Alphapoint Corporation; Advanced Micro Devices, Inc.; Xilinx Inc.; Bingo; Ripple; BTL Group Ltd. |
Country-wise Insights
Attribute | United States |
---|---|
Market Value (2024E) | US$ 400 Million |
Growth Rate (2024 to 2034) | 13.5% CAGR |
Projected Value (2034F) | US$ 1.4 Billion |
Attribute | China |
---|---|
Market Value (2024E) | US$ 400 Million |
Growth Rate (2024 to 2034) | 13% CAGR |
Projected Value (2034F) | US$ 1.4 Billion |
Category-wise Insights
Attribute | Hardware |
---|---|
Segment Value (2024E) | US$ 2.9 Billion |
Growth Rate (2024 to 2034) | 13.7% CAGR |
Projected Value (2034F) | US$ 10.4 Billion |
Attribute | Bitcoin |
---|---|
Segment Value (2024E) | US$ 2.4 Billion |
Growth Rate (2024 to 2034) | 12.2% CAGR |
Projected Value (2034F) | US$ 7.5 Billion |
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The global blockchain technology market size was estimated at USD 31.28 billion in 2024 and is projected to reach USD 1,431.54 billion by 2030, growing at a CAGR of 90.1% from 2025 to 2030
The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022. On August 6, 2025, for example, a single BNB coin was worth more than 754.79 U.S. dollars - a value that is very different from the all-time high of 754.79 U.S. dollars in November 2021. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH), a cryptocurrency where BNB initially originated in 2017 before coming to its own years later.BNB's history: From a reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin, or BNB, originally started as an extension of the Binance.com trading platform, the most used cryptocurrency exchange in the world. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain, or BSC (called BNB Chain since February 2022). Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.DeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021, partly due to traffic overload and high gas prices on Ethereum, as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum. The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Another area where Binance's blockchain and token play a significant role is that of GameFi, or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Some of the more well-known and most popular NFT games, like Alien Worlds and Axie Infinity, run on the blockchain behind BNB.
Ripple, or XRP, prices surged in 2021 but went down significantly as 2022 progressed. As of August 6, 2025, one XRP token was worth 2.96 U.S. dollars. Ethereum's price, for example, kept on reaching new all-time highs, a feat not performed by XRP. Indeed, XRP's price spikes followed relatively late - only occurring in early 2021, against late 2020 for most other cryptos - after the US SEC filed a legal complaint against Ripple in November 2020. This legal action caused the XRP price to plummet from around 0.70 U.S. dollars to 0.20 U.S. dollars.Ripple versus XRP: two become oneTechnically speaking, Ripple is not a cryptocurrency. Renamed from a protocol called OpenCoin in 2013, Ripple facilitates open-source payments. XRP, on the other hand, is the cryptocurrency that runs on this network. In that sense, Ripple and XRP have a similar symbiosis to each other, like the Ethereum network and its cryptocurrency, Ether. Unlike Ethereum - whose price changes are connected to the world of Decentralized Finance or DeFI - Ripple/XRP mostly looks at developments in cross-border payments for companies. In 2020, companies worldwide began to favor fintech solutions for future B2B solutions and, in a way, Ripple is an extension of that.What affects the price of Ripple?Ripple is mostly active in Southeast Asia - a region with a splintered payment landscape and that heavily investigates its own types of state-issued cryptocurrency to make cross-border payments a lot easier. Price spikes tend to follow news on this topic in this specific region. In 2019, for example, the XRP price grew after Japan and South Korea began testing to reduce time and costs for transferring international funds between the two countries. In March 2021, Ripple announced that it had agreed to acquire 40 percent of Malaysian cross-border payments firm Tranglo to meet growing demand in Southeast Asia.
How many cryptocurrencies are there? In short, there were over ***** as of June 2025, although there were many more digital coins in the early months of 2022. Note, however, that a large portion of cryptocurrencies might not be that significant. There are other estimates of roughly ****** cryptocurrencies existing, but most of these are either inactive or discontinued. Due to how open the creation process of a cryptocurrency is, it is relatively easy to make one. Indeed, the top 20 cryptocurrencies make up nearly ** percent of the total market. Why are there thousands of cryptocurrencies? Any private individual or company that knows how to write a program on a blockchain can technically create a cryptocurrency. That blockchain can be an existing one. Ethereum and Binance Smart Chain are popular blockchain platforms for such ends, including smart contracts within Decentralized Finance (DeFi). The ease of crypto creation allows some individuals to find solutions to real-world payment problems while others hope to make a quick profit. This explains why some crypto lack utility. Meme coins such as Dogecoin - named after a Japanese dog species - are an infamous example, with Dogecoin's creator coming out and stating the coin started as a joke. The many types of cryptocurrency Meme coins are but one group of cryptocurrencies. Other types include altcoins, utility tokens, governance tokens, and stablecoins. Altcoins are often measured against Bitcoin, as this refers to all crypto that followed Bitcoin - the first digital currency ever created. Utility tokens and governance tokens are somewhat connected to NFTs and the metaverse. A specific example is the MANA cryptocurrency, which allows real estate purchases in the Decentraland metaverse. Stablecoins refer to the likes of Tether, which are pegged to a real-world asset like the U.S. dollar. Such coins are meant to be less volatile than regular cryptocurrency.
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The net worth of the market share of blockchain messaging apps is predicted to grow from US$ 45.92 billion in 2023 to over US$ 1,700.31 billion by 2033. This is expected to further drive the market share and register a CAGR of 43.5% between 2023 and 2033.
Attributes | Details |
---|---|
Blockchain Messaging Apps Market Value (2023) | US$ 45.92 billion |
Blockchain Messaging Apps Market Expected Value (2033) | US$ 1700.31 billion |
Blockchain Messaging Apps Market Projected CAGR (2023 to 2033) | 43.5% |
Global Blockchain Messaging Apps Market Historical Analysis 2017 to 2022 Vs. Forecast Outlook 2023 to 2033
Historical CAGR (2016 to 2022) | 42% |
---|---|
Historical Market Value (2022) | US$ 32.5 billion |
Forecast CAGR (2023 to 2033) | 43.5% |
Scope of Report
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ billion for Value and MT for Volume |
Key Regions Covered |
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Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
Key Segments Covered |
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Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
In the week ending on February 18, 2023, the value of peer-to-peer traded Bitcoins via LocalBitcoins in Vietnam amounted to over *** million Vietnamese dong. Vietnam is among the countries where cryptocurrencies have been used the most in the world, despite the legal restrictions of the Vietnamese government on these currencies.
The Bitcoin (BTC) price again reached an all-time high in 2025, as values exceeded over 114,128.35 USD on August 6, 2025. Price hikes in early 2025 were connected to the approval of Bitcoin ETFs in the United States, while previous hikes in 2021 were due to events involving Tesla and Coinbase, respectively. Tesla's announcement in March 2021 that it had acquired 1.5 billion U.S. dollars' worth of the digital coin, for example, as well as the IPO of the U.S.'s biggest crypto exchange, fueled mass interest. The market was noticeably different by the end of 2022, however, after another crypto exchange, FTX, filed for bankruptcy.Is the world running out of Bitcoin?Unlike fiat currency like the U.S. dollar - as the Federal Reserve can simply decide to print more banknotes - Bitcoin's supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin's original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021.Bitcoin's price outlook: a potential bubble?Cryptocurrencies have few metrics available that allow for forecasting, if only because it is rumored that only a few cryptocurrency holders own a large portion of the available supply. These large holders - referred to as 'whales'-are' said to make up two percent of anonymous ownership accounts, while owning roughly 92 percent of BTC. On top of this, most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors. This means outlooks on whether Bitcoin prices will fall or grow are difficult to measure, as movements from one large whale are already having a significant impact on this market.