Bitcoin began Tuesday's Asia business day at $31,153 as the world’s largest digital asset rallied on Monday after prospective spot BTC ETF issuers re-filed their applications. ALSO: The first half of 2023 has been good for majors. By TheSamReynolds
Last year was a rough year for crypto, a saga that began with rising interest rates, and continued through the year with the crash of Do Kwon’s LUNA, Three Arrows Capital’s collapse, and finally, FTX.During the first half of the year, crypto majors – meaning the 43 tokens with a market cap of over $1 billion – were up an average of 34%. In comparison, this same group of tokens declined an average of 56% for the same period last year.
So far this year, bitcoin is up 84.6% compared to a falloff of nearly 60% for the first half of 2022.As CoinDesk has previously reported , technical improvements to the protocol and the introduction of a framework that would allow for the development of dApps has likely pushed up investor interest in the asset class.
Other stand-out performers for the period include liquid staking platform Lido DAO , which rallied in February on comments from U.S. Securities and Exchange Commission chair Gary Gensler’s
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