Posted 12/22/2023, 11:06:05 PM
Bitcoin and Crypto Markets Stage Epic Rally in 2023, Adding Billions in Value
- Bitcoin stormed back in 2023 with a 160%+ price surge, adding $530 billion to its market cap
- The potential approval of a Bitcoin spot ETF is seen as a catalyst that could drive further demand
- Some altcoins like Solana saw even bigger gains, with a $100K investment at the start of 2023 now worth over $800K
- Crypto derivatives trading hit new records, with open interest on platforms like Deribit and CME surging
- Crypto exchanges saw shifts in market share, with Binance's share of spot trading falling as Asian platforms gained ground