There is no doubt that the year 2023 has been very significant for crypto. Most of us would have liked this year to have been a little longer. But we can't say 'No' to Time and can only hope we'll have a much better 2024 for crypto. Nonetheless, what we can just now is only rewind 2023 for one last time before taking a look at the top ten most significant stories for crypto in 2023.
A Short Recap Of 2023
2023 is one of those years that not only pushed crypto forward but also managed to stop it from turning into scrap. There are definitely two parts, much similar to our movies, one before interval and the climax after that.
The part before interval saw a resurgence of crypto from ashes. At the beginning, crypto market was under a black shadow of 2022 which uprooted many resident evils of crypto. The side-effects that the collapse of fragile and bad exchanges were still felt. To be honest, we didn't see much signs of recovery until March.
But March again reminds us of an infamous episode where a few banks collapsed suddenly. Some of them even had been favourable to crypto. For a moment Bitcoin and crypto were again under the pump. Bitcoin retracted almost 20% in a few days and it seemed that the winter for wasn't over yet. However for some reason Bitcoin went past $30k levels in April. Many analysts attributed that surge to that collapse but I personally don't feel the co-relation.
After hitting that psychological level briefly, crypto markets again started trending downwards until June 15. And that's where we have the interval.
What happened in June was much more impactful than we can imagine right now. Bitcoin actually found someone that can grow wings to its flight towards unfathomed skies. BlackRock, world's largest asset manager, applied for a Spot Bitcoin ETF and and Bitcoin once again crossed $30k mark and remained closer to this for a little longer this time, almost till August.
But August proved to be the most boring month of 2023 and Bitcoin slid back to $25k levels. However it didn't end the same way as Grayscale won against SEC projecting a green light for a Bitcoin spot ETF.
And it was all but ETF, ETF, and ETF all around from there. Bitcoin went past $45k not once but twice and there were many altcoins that went 2X to 10X in no time.
As now when we can only miss 2023, you would want to cherish these 10 Key events that defined crypto in 2023.
#10
USDC was temporarily de-pegged from Dollar
#9
PayPal announced its own stablecoin in PYUSD
#8
Ethereum's Post Shanghai Upgrade Controversy
#7
Sam Bankman-Fried found guilty on all seven criminal fraud counts
#6
SEC sued Coinbase, Binance and Kraken
#5
Ripple's Partial Victory Over SEC
#4
Arbitrum, The Largest Airdrop in History
#3
Binance and CEO ‘CZ’ plead guilty to federal charges, agreed to pay $4.3B in fines, CZ Exits Binance
#2
The Incredible Rise of Ordinals NFTs and BRC-20 tokens
#1
You all know it. Blackrock applying for a spot Bitcoin ETF.
So, these are my top 10 crypto events of 2023. Please tell me in the comment box if I have missed that should be included in the list of top 10.
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