Crypto Market Pulse (02/01/2024)

Blackrock and other asset managers file updated Spot Bitcoin ETF applications. Vitalik Buterin shares Ethereum roadmap for 2024. Bitcoin mining hash rate reaches new record high.

Jan 03, 2024
Crypto Market Pulse

Last week’s crypto market prices dropped by -2.46%. Volume increased by +3.39% and volatility decreased by -9.93%.

Market Index 1

Chart of the Week

Global asset classes ended the year 2023 mostly up in terms of price action. BTC led significantly with a +154.3% gain, followed by ETH at +91.3%. Check out more key trends of 2023, followed by our outlook for 2024 in our new report: 2023 Year Review & 2024 Year Ahead.

Chart Of Week 1

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) rose by +3.3% and +4.9%,respectively, in the past seven days. Price action for other selected top-cap tokens was mixed.

Token Grid

Selected key categories mostly rose in terms of market cap change in the past seven days, led by Layer-2.

Sector Perf

News Highlights

  • Asset managers BlackRock, Valkyrie and Van Eck submitted amended S-1 forms to the US Securities and Exchange Commission (SEC). The forms are revisions of their previous applications to create Bitcoin exchange-traded funds (ETFs) and contain updates such as Blackrock’s naming of Jane Street and JPMorgan Securities as authorised participants.
  • MicroStrategy, one of the largest corporate holders of Bitcoin, boosted its holdings in December 2023, buying 14,620 BTC at an average price of US$42,620 This purchase brings their total to 189,150 BTC.
  • Ethereum co-founder Vitalik Buterin has shared the Ethereum roadmap for 2024 in a series of posts on X (formerly Twitter). This follows a recent blog also by Buterin in which he opined wanting to bring back the original idea of the “cypherpunk” revolution for the blockchain. Buterin highlighted that rollups, zero-knowledge proofs, account abstraction, and second-generation privacy solutions could support certain values associated with “cypherpunk” principles.
  • Bitcoin network computing power — or mining hash rate — reached a new all-time high last week, but has put more pressure on miners amid a slump in profitability.

Recent Research Reports

Recent University Articles

Catalyst Calendar

Calendar 1
Calendar 2


Research and Insights Team


The information in this report is provided as general market commentary by and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with

By clicking the Get Started button you acknowledge having read the Privacy Notice of where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens