Tumultuous 2022 Wraps Up As 2023 Gets Underway, Meanwhile Crypto ATMs Continue To Skyrocket
Despite a turbulent year for the digital assets sector, the amount of crypto ATMs increased dramatically in 2022, according to new data.
The number of Bitcoin ATMs increased by a staggering 506% since January 2020, when there were just over 6,360 BTC ATMs, according to Coin ATM Radar, an ATM-tracking app. Moreover, the report finds that the Covid-19 pandemic aided market growth by increasing customer demand for advanced crypto ATMs.
Still, there were significant losses as well as crypto exchange trading volumes ended 2022 at their lowest level in two years. Last year, crypto prices also experienced a sharp decline, with Bitcoin trading around $16,000 in December in contrast to $47,000 in January.
Although 2022 had plenty of bad news, such as the collapse of Terra, FTX, Celsius, and 3AC, the community is hopfeul that 2023 will be the long-awaited break everyone is looking for and the eventual end of the bear market.
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