The market value of BTC has increased by 110% this year, and BTC and ETH have significantly outperformed traditional assets such as gold.
According to Glassnode's latest on-chain weekly report, the digital asset market has achieved impressive returns in 2023, with the performance of BTC and ETH significantly outperforming traditional assets. Their performance has exceeded that of gold by 93% and 39%, respectively, at their highest points. The market correction of these two major digital assets is significantly smaller than in previous cycles, indicating investor support and positive capital inflows. The Altseason indicator shows the first significant increase against the US dollar since the high point of this cycle. However, it is worth noting that this occurred against the backdrop of Bitcoin's continued dominance, which has risen from a cyclical low of 38% at the end of 2022. Bitcoin's market value has grown 110% so far this year, while the market value of altcoins has grown 37%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance
Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought
Ethereum Set to Soar Past $4,000 Again
Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?
Lark Davis: Best Time to Make Money in Crypto
Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains
Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift
Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders
Trending news
MoreCrypto prices
More
