Bitcoin’s (CRYPTO: BTC) year-to-date performance of 156% gains stood significantly ahead of gains reported by Nasdaq (-11%), S&P 500 (+23%), and Gold (SPDR Gold Trust +9.6%).
What Happened: The year 2023 witnessed a major increase in institutional involvement in cryptocurrencies. Close observers are especially optimistic for 2024, should Spot Bitcoin ETFs get regulatory approval.
Next year is also poised to see new narratives like Ordinals (ways of creating Bitcoin NFTs), the Bitcoin halving event and rapidly growth in on-chain activity.
See Also: Binance Feels The Heat As CME Climbs Bitcoin Futures Ladder
Here's a look back at a few 2023 milestones:
- Futures open interest on centralized exchanges rose from $6.07 billion to $11.4 billion.
- The overall derivatives open ...