[1/17] 2022 has been a crypto year for the history books, and @TheBlockRes analysts worldwide are proud to release the Digital Asset Outlook Report of 2023.
🔖 Download the report and see the thread below for some of the top highlights:
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General Market Landscape:
📉 In 2022, the total crypto market cap dipped below $1trn.
📉 Whereas, its total monthly spot volume hit an annual low of $673bn in Nov.
📈 Binance consolidated its market share from 60% to 75% over the same period.
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Mining:
📉 Many BTC mining firms faced financial distress as BTC's price dropped more than half YTD
➡️ Many miners kept a portion of their mined bitcoins in their respective treasuries
💰 15 publicly-traded BTC firms tracked by The Block mined 33.8K BTC worth over $550mm