The post Here’s What Happened To Bitcoin & Crypto Market In 2023 appeared on BitcoinEthereumNews.com.

As 2023 draws to a close, the crypto market has witnessed a rollercoaster ride, with Bitcoin leading the charge, Binance facing turbulence, and unexpected comebacks like Solana’s resurgence. Kaiko Research, a prominent crypto analysis firm, has unveiled a comprehensive report encapsulating the top events that shaped the crypto landscape this year. So, let’s take a look at the key events in the crypto market that have gained attention of the investors. Bitcoin Takes The Lead With 160% Surge Bitcoin has emerged as the star performer, closing the year with a remarkable 160% surge, outshining other traditional assets. Meanwhile, the journey unfolds in three acts: an early rally, a mid-year stall, and a year-end surge that hints at a potential new bull market. Despite a lackluster mid-year, Bitcoin’s Sharpe Ratio ranks among the best, second only to Nvidia, the Kaiko report showed. Notably, Kaiko’s report highlights Bitcoin’s robustness, showcasing a notable surge from $28,000 to almost $45,000. Meanwhile, this upward momentum seems to be fueled by growing enthusiasm around the prospect of a Bitcoin Spot ETF approval, triggered by BlackRock’s filing and a misleading tweet erroneously suggesting ETF approval. In addition, the upcoming Bitcoin halving event and other positive catalysts in the market have also helped gains in it. In other words, the largest crypto by market cap demonstrated remarkable resilience, overcoming market fluctuations and seizing opportunities for substantial gains during this period. Also Read: Cosmos Stacks Developers Lend Helping Hand For Terra Luna Classic (LUNC) Revival What’s More? The report also highlights the ongoing regulatory hurdles in the crypto space, that have weighed on the traders’ sentiment so far. Meanwhile, Senator Elizabeth Warren has put forth a legislative proposal aimed at addressing the perceived misuse of cryptocurrencies in illicit activities. The bill she introduced outlines rigorous regulatory measures designed for…

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Filed under: News - @ December 24, 2023 10:22 am