
Global #crypto owners rose 34% to reach 580M in 2023. Nasdaq and Cboe file to list options on Bitcoin ETFs. Fund managers preparing to launch crypto Spot ETFs in Hong Kong.
Weekly Market Index |
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Last week’s crypto market prices dropped slightly by -3.29%. Volume and volatility also decreased by -43.43% and -29.25%, respectively.
The latest release of our flagship report Crypto Market Sizing Report 2023 saw global cryptocurrency owners increasing by +34% in 2023, rising from 432 million in January to 580 million in December. The main catalyst behind BTC’s adoption growth was the development in Bitcoin exchange-traded funds (ETFs) and the introduction of the Bitcoin Ordinals protocol, which enabled non-fungible tokens (NFTs) and fungible tokens to be minted on the Bitcoin network. Strong interest from institutional investors also contributed to the increase in BTC’s adoption. Meanwhile, ETH’s adoption growth was mainly driven by liquid staking after Ethereum’s Shanghai Upgrade, which allowed the withdrawals of staked ETH after the transition to the Proof of Stake (PoS) blockchain.
Bitcoin (BTC) and Ethereum (ETH) both dropped slightly by -1.4% in the past seven days. Price action for other selected top-cap tokens was also mostly negative.
Selected key categories mostly decreased in terms of market cap change in the past seven days.
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Research and Insights Team
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