Bitcoin Soars 148% Despite Crises as Investors Eye Potential Catalysts
• Bitcoin endured several crises like the FTX collapse, banking issues, and exchange problems, yet still prevailed with price up 148%
• Excitement around a potential SEC approval of a spot Bitcoin ETF, especially from big firms like BlackRock, drove further interest
• Investors increasingly saw Bitcoin as "digital gold," a safe haven amid macro uncertainty and decoupling from tech stocks
• Controversial new Bitcoin-based NFTs called Ordinals caused network congestion but remain popular, commanding top NFT sale volumes
• Upcoming potential catalysts include possible SEC approval of a Bitcoin ETF in January and the halving in April historically associated with price jumps