Cryptocurrency statistics Australia 2021
Essential statistics for the 87% of Australians who don't currently own cryptocurrency.
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Bitcoin was the first cryptocurrency to hit the market way back in 2010, with an asking price of around $0.01. While major news outlets barely took notice at the time, this one digital currency model was quickly duplicated and modified.
As more and more currencies entered the market and the value of the established coins started to rise, investors and international media started to pay attention. Those lucky enough to get in early saw returns of more than 5,000% on some coins, which spurred endless speculation as to which currency would be the next Bitcoin. All prices quoted on this page are in Australian dollars.
The top 250 coins today have a combined market cap (total value) of more than $1.97 trillion. Bitcoin leads the charge with a market cap of $874 billion. Of these coins, 74% of them have seen their prices hit an all-time high within the last 12 months.
The chart below shows the price movements over the last three months of the five biggest cryptocurrencies in the market right now. The index begins at 100 for each coin. A drop in the index from 100 to 90 would represent a 10 percentage point drop in the value of that coin.
As the first currency to hit the market, Bitcoin is seen as the forerunner of digital currency that indirectly controls the prices of other coins. It has seen a loss of 27.90% in the last 30 days, going from $64,663 to $46,622 in just one month.
Over the last 30 days, 28 of the top 250 cryptocurrencies increased in price, with Ergo leading the charge with growth of 62.1% – from $7.26 to $11.8. Venus has seen the biggest losses of the top 250, dropping by -78.98% from $134 to $28.2 over the last 30 days.
Of the top five coins, Tether has been traded the most over the last seven days, with more than $781 billion changing hands. These five coins have a combined trading volume of $1.55 trillion over the last week, 11.97% less than the week prior.
While only being ranked third in terms of market cap, Tether has seen the highest volume in the last 24 hours of all the coins in the top 250, with more than $86 billion being traded. Tether's current price is $1.30 and it has a market cap of $81 billion.
Finder's Consumer Sentiment Tracker is a nationally representative study of the Australian public that covers a wide range of topics from health and financial sentiment to happiness and environmental awareness. In January 2021, 1,004 Australians were asked several questions on which types of cryptocurrencies they are buying and why.
The survey revealed that 1 in 4 people (25%) invest in or plan to invest in cryptocurrency. That's equivalent to 5 million digital currency investors. Bitcoin is the most popular form of cryptocurrency, with 13% of Australians investing in it. This is followed by Ethereum (6%) and Ripple (5%).
Almost half (45%) of cryptocurrency investors said they purchased digital currency because of its skyrocketing value. The next most common reasons were wanting to diversify their portfolio (19%) and having a hedge against inflation (12%).
Men are far more likely to invest in cryptocurrency, with 29% of men investing compared to only 7% of women. Interestingly, men and women are both equally interested in investing in the future, with 8% of both considering it.
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