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By the close of 2023, Russian investors emerged as one of the top earners in cryptocurrency trading, breaking into the global top ten. This conclusion comes from analytics firm Chainalytics, which tracks market activity across regions and currencies.

Across a full year, Russians amassed approximately 1.04 billion dollars through cryptocurrency trading, securing a seventh-place finish in worldwide earnings. The figure underscores a substantial level of activity and capital flow into digital assets among Russian traders during that period.

In the global ranking, the United States led the way with earnings nearing 9.36 billion dollars from cryptocurrencies for the year. That level of profit was about 6.5 times higher than the next closest group, residents of the United Kingdom, who earned roughly 1.39 billion dollars. Completing the top three were investors from Vietnam, who posted profits around 1.18 billion dollars, highlighting a broad geographic spread in crypto profitability.

The top ten also featured China with about 1.15 billion dollars in earnings, followed by Indonesia at 1.06 billion, South Korea at 1.04 billion, Germany at 0.96 billion, and Turkey at roughly 0.95 billion dollars. These figures reflect diverse market participation and the global reach of cryptocurrency markets during the period.

Bitcoin moved in a volatile rhythm on Friday, March 15, after a day of record growth. The price swung, rising by approximately 6,000 dollars during the session and then retreating to around 67,000 dollars, illustrating the rapid shifts that can occur in crypto markets.

Alongside the price volatility, there were cautions raised within Russia about the casino-like elements of Bitcoin trading. Observers noted the high-risk, speculative nature of certain trades and advised investors to approach digital assets with careful risk management and due diligence.