Crypto Comeback: Investors Profit Nearly $900 on Average in 2023

Crypto Comeback: Investors Profit Nearly $900 on Average in 2023



In 2023, crypto investors saw a significant turnaround, earning an average of nearly $900 in profits from selling cryptocurrencies. This marked a dramatic shift from 2022, a year that devastated investors with billions in losses due to the collapse of several cryptocurrency firms. CoinLedger, a provider of cryptocurrency tax software, discovered through an analysis of data from 500,000 users that the typical investor netted $887.60 in gains last year as the sector began to bounce back.



The report highlighted a considerable improvement from the previous year, during which the average crypto investor faced $7,102 in losses. Gains or losses are considered realized when an investor sells cryptocurrency at a price different from the purchase price. In the U.S., for tax reasons, selling cryptocurrency or transferring it to a wallet not


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