Bitcoin

Gold

<div class="finbold">
 <p class="paragraph">As 2024 draws near, the time has come to look back at the year almost behind us and examine all the trials and tribulations, as well as the positive developments that the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), experienced during these eventful months.</p>
 <div></div>
 <p class="paragraph">Indeed, the largest asset in the cryptocurrency industry by market capitalization started the year off on the right foot, already racing as much as 37.56% in January alone, in a winning streak that saw it go from a mere $16,604, where it stood on December 31, 2022, to $22.840 as of January 31, 2023.</p>
 <p class="paragraph">Since then, Bitcoin has moved in a more or less consistent upward fashion, gaining only 1.65% in February but making its first more significant movement toward the end of March, as it soared nearly 41% from $20,195 on March 11 to $28,460 on March 24, becoming the best-performing asset class in Q1 2023.</p>
 <p class="paragraph">In April, it crossed another significant threshold, this time at $30,000, staying above it for a week before falling back to the $25,000 – $29,000 levels, where it remained until its next big push in late June and early July, which also preceded another decline to the area around $26,000.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-goes-from-16-000-to-44-000">Bitcoin goes from $16,000 to $44,000</h2>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/13/2bd76709699029271accb2ba29f5deba.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="is-bitcoin-a-good-buy-now">Is Bitcoin a good buy now?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/13/ff5926796669870c5ab4f853ed208ec1.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-price-prediction-as-elizabeth-warren-unveils-crypto-crack-down-bill">Bitcoin price prediction as Elizabeth Warren unveils crypto 'crack down' bill</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/13/e43824bce06102607979195394cd0b48.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="wall-street-sets-nio-stock-price-for-the-next-12-months">Wall Street sets Nio stock price for the next 12 months</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/12/c22eca74506788b6fe125432b55a07ce.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Finance 
       <h3 class="font-bold leading-6 " id="gold-and-bitcoin-down-is-the-samp-p-500-next">Gold and Bitcoin down; Is the S&amp;amp;P 500 next?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/13/89d1b4679f53015b498160620124d6d8.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Finance 
       <h3 class="font-bold leading-6 " id="gold-falls-spectacularly-after-peter-schiff-s-spectacular-crash-jab-at-bitcoin">Gold falls spectacularly after Peter Schiff's 'spectacular crash' jab at Bitcoin</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">However, influenced by the positive news regarding the United States Securities and Exchange Commission (SEC) potentially approving the first spot Bitcoin exchange-traded fund (ETF), the maiden cryptocurrency soared from this zone to the yearly high of $44,386 it reached on December 8, or over 70%.</p>
 <p class="paragraph">At press time, Bitcoin was changing hands at the price of $41,138, representing a 7.32% decline from the above price, a drop of 1.96% on the day, and a loss of 6.14% across the week as of December 13. That said, it has retained the bullish momentum that pushed it above the important psychological level of $40,000.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/T4MigNkwlsmRBPL9c5CAjslQU-jbYwX0O7K6yEWf6BRZRRmtlJ-vIm7MvG0IwRbpTnV7-mUzz9wP8_hNSonzJ-J-Yhiu1a6qV0yNsu6EgiiKuPu-btZ2NJBdlC-XLYl5ofvLJvQlN8wCAYfcCY7FLIQ" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin year-to-date (YTD) price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, Bitcoin is exiting 2023 in an optimistic (if slightly cautious) mood, particularly as it has increased its price by almost 150% since the year’s turn and with promises of more good things to come as the spot Bitcoin ETF is looming, and the crypto crowd is preparing for its next halving event.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/here-s-how-bitcoin-performed-in-2023-tbt73522.html">https://thebittimes.com/here-s-how-bitcoin-performed-in-2023-tbt73522.html</a></p>

Here’s how Bitcoin performed in 2023

Table of Contents

TheBitTimes

Other articles published on Dec 13, 2023

Just In: Argentina President Javier Milei Devalues Peso by 50%

SPX Due to Be More Volatile in 2024 With VIX Trading at its Lowest Since 2020

Fetch.ai (FET) Briefly Reaches New Yearly High – Can It Hold Above $0.60?

Ripple and Large Whale's Millions in XRP Sales Now at Loss, Here's Reason

Analysts: Fetch.ai, Everlodge, and Injective can transform crypto

Bitcoin Sidechain Liquid Comes Back To Life Amid Ordinals Frenzy

Join our free newsletter for daily crypto updates!