Indian crypto investors suffered significant losses throughout 2022.This year, they are now experiencing relief thanks to the appreciation in the prices of major cryptocurrencies in the first quarter of 2023.

Since the start of the year between January and April, Bitcoin's cumulative earnings were 4.68%. It is currently trading at $0.0028 after starting the year at around $5,116. This marks its best quarterly performance in two years. For its part, the second largest token, Ethereum rose 280.49% to $55,1861.

According to experts, cryptocurrencies have gained momentum as a result of the anticipated relaxation of monetary policy and banking disruptions that highlighted the usefulness of tokens. For one source, the collective market value of all cryptocurrencies jumped 49% in the first quarter to $1.18 trillion. Despite a promising start to the year, most Indian crypto enthusiasts remain cautious about the prospect of a crisis and putting the tough bear market behind them.