Bitcoin Tops Performance Charts Again: Glassnode & Coinbase Report Highlights Crypto Gains

April 17, 2024
Bitcoin Tops Performance Charts Again: Glassnode & Coinbase Report Highlights Crypto Gains
  • Bitcoin has consistently outperformed other assets, with a 124% annualized return from 2013 to 2023.

  • Cryptocurrency market capitalization surged by 63% in Q1 2024, partly due to the approval of Bitcoin ETFs.

  • Ethereum's growth is attributed to network upgrades and the burgeoning DeFi sector.

  • Both Bitcoin and Ethereum derivatives markets have seen substantial growth.

  • Anticipated events such as the Bitcoin Halving and potential SEC approval of Ether ETFs could further stimulate market activity.

  • The significance of Bitcoin and Ethereum as institutional investments will be a focus at the upcoming Benzinga digital assets event.

Summary based on 2 sources


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