Here’s How Much Bitcoin Has Gained Since the FTX Collapse in 2022

In 2022, Bitcoin experienced a dramatic crash, plunging to around $16,000 amidst widespread market uncertainty.

While the decline rattled many investors, those who took the opportunity to buy at the bottom have since enjoyed remarkable gains. Crypto historian Pete Rizzo noted on social media that anyone who bought during the crash is now up over 500%.

This downturn coincided with the high-profile collapse of FTX in November 2022, which sent shockwaves through the crypto industry. However, fast-forward to today, and Bitcoin is brushing against the $100,000 milestone, recently reaching a record high of $99,543. The cryptocurrency market has rebounded significantly, adding over $1 trillion in value since early November.

Bitcoin’s meteoric rise underscores the resilience of the crypto sector. Since its crash, the leading digital asset has surged over 500%, signaling a strong recovery.

The current rally has been fueled by positive sentiment, including news of SEC Chair Gary Gensler’s upcoming departure and the launch of U.S. Bitcoin ETF options. Additionally, Bitcoin-focused ETFs have seen inflows exceeding $6.8 billion, bringing their total assets above $100 billion.

MicroStrategy has also announced plans to increase its Bitcoin holdings, further boosting market confidence. As Bitcoin enjoys its fifth consecutive day of gains, the industry is reflecting on how far it has come since the turbulence of 2022.