In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs. This optimism contributed to a bullish market sentiment, leading to a significant increase in the total crypto market cap from $1.1 trillion to $1.6 trillion, marking a 55% rise. During this period, the price of Bitcoin soared from $27,000 to $42,000.

When considering the entire year of 2023, the crypto market witnessed substantial growth, more than doubling its total market cap from $832 billion at the beginning of the year. This remarkable expansion was primarily driven by Bitcoin's impressive resurgence, experiencing a 2.6x increase. After the challenges and stagnation experienced in 2022, 2023 proved to be a robust year of recovery for the crypto industry.

Join us and our Head of Research, Zhong Yang Chan, as he presents key highlights of our 2023 Annual Crypto Industry Report – from an overview of crypto markets, to analyzing Bitcoin and Ethereum, deep diving into DeFi and NFT ecosystems, and finally CEX and DEX performances.

After a review of the past year, we'll shift gears to discuss the State of Crypto Markets in 2024. Join us as we take a look back at the top highlights of 2023 and the primary trends in 2024 to watch out for.

Tune in for our Virtual Meetup #30, featuring an exciting panel of speakers:

Zhong Yang Chan, Head of Research, CoinGecko (Moderator)

Thomas Tang (VP of Investments, Ryze Labs)

Teng Yan (Head of NFT Research, Delphi Digital)

Since 2014, CoinGecko has been a trusted source of information by millions of cryptocurrency investors. Its mission is to empower the cryptocurrency community with an in-depth, 360-degree overview of the market. CoinGecko delivers comprehensive information from thousands of data points such as price, trading volume, market capitalization, developer strength, community statistics, and more. It currently tracks over 12,000 crypto assets from over 600 exchanges worldwide. For more information about CoinGecko, visit www.coingecko.com.

CoinGecko Meetup #30