This is the second part of the BLOX 2023 annual crypto overview! So much has happened this year that we have decided to halve the annual overview. The first part appeared yesterday and can be read here.
July -4.90%
This is a bit shocking, apparently Bitcoin could fall this year too! Given all the bullish news this month, you would expect the price to rise.
It’s still about what BlackRock’s Bitcoin ETF can do for the market.
Ripple makes the company’s most important profit ever. The judge concluded that XRP is not a security and therefore not subject to the SEC. A lawsuit has been ongoing since December 2020, so you can imagine that investors are extremely happy with this news.
However, the US government is not entirely toothless. Jesse Powell’s house was raided by the FBI. Powell is the director of cryptocurrency exchange Kraken.
August -6.04%
There were two interesting news from the Netherlands this week. The first is that a Bitcoin ETF has been launched in our country.
Martin Bednall, CEO of Jacobi Asset Management, expressed his excitement about the launch: “It is exciting to see Europe leading the US in opening up Bitcoin investments to institutional investors.” regulated structures such as our ETF.”
The second Dutch news is that Rabobank has to pay compensation to a customer. This customer was forced to sell his Bitcoins and Rabobank did not meet its reporting obligations.
September +6.40%
Summer is over, everyone goes back to work and Bitcoin is rising again. This is how life should be.
This month, former footballer Ronaldinho was accused of involvement in a cryptographic scheme.
The SEC is considering appealing the judge’s ruling that XRP is not a security, but Ripple refuses. The SEC is facing trouble for previously rejecting an ETF application from Grayscale, but without justification. The judge ruled that the refusal was unlawful.
Ethereum also had a big milestone to celebrate: blockchain energy consumption fell by 99.99%.
Thom Derks explains that the next bull market will be different from previous bull markets.
October +27.51%
What an increase! October was one for the books. Bitcoin explodes and then you know altcoins will follow.
The first big news is that BLOX offers income in Bitcoin, Ethereum and Tether. Find out here how to make your money work for you.
Almost all the big names from the Bitcoin world came to Amsterdam and our angry reporter Kasper Wienk reported about it. For example, he wrote about important macro trends in the Bitcoin space.
And over time, Bitcoin became more and more dominant. This means Bitcoin is rising and altcoins are lagging.
November +5.12%
Another green month for Bitcoin. It is not surprising that all kinds of signals suddenly emerged as to why Bitcoin ETFs would be approved in the US.
Thom Derks wonders if approval could spark the biggest bull market ever. China also wants to participate after BlackRock submitted an application. Can China beat the US with a Bitcoin ETF?
Speaking of BlackRock: the company is betting on several horses because it now also wants to launch an Ethereum ETF.
In June, the Dutch crypto sector complained about DNB’s supervisory costs. How does it look? De Nederlandsche Bank does not want to return the money, even though it has received too much. Even more news from our country: Sigrid Kaag has news about MiCA.
The Netherlands is also forcing the international crypto exchange Huobi to hand over customer data after theft.
There is also a lot to be said about the various November stock markets (tinfoil hat: BlackRock’s competitors) in the US. For example, Kraken was indicted in the US and Binance’s Changpeng Zhao is forced to resign as CEO after problems with US regulators.
December
The month is not yet over, so we cannot yet say with certainty how the price has developed. But even though we still have a beautiful day ahead of us, there is already a lot to report about December.
The SEC is in discussions with several companies that want to offer a Bitcoin ETF. Because the applications are not entirely satisfactory, the SEC offers tips.
MicroStrategy is buying Bitcoin again, this time for $600 million. Why not, the dollar is losing value so you’re better off buying crypto…. or gold! Gold reached a new high in December.
People outside the US also want to buy Bitcoin. There are rumors that Qatar wants to invest a lot of oil money in our favorite orange currency.
Although Bitcoin has fewer and fewer critics, the same puppets continue to use the same negative words. Someone tossed a coin at Jamie Dimon and he started making noise again.
This was the year of Bitcoin and the crypto market! We cover the crypto market with love and joy and thank you all for your interest and reading. Here’s to a fantastic 2024!
Source: BTC Direct
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
