In early January, for the first time since April 2022, Bitcoin (BTC) made an attempt to break above the $49,000 level. The market turbulence was driven by the emergence of spot crypto funds that directly invest in digital currency.

However, Bitcoin couldn't reach the $50,000 level, and last week the cryptocurrency dropped below $41,000. In 2023, the market gradually recovered, and the trading volume of digital assets reached approximately $36.6 trillion, according to a Coingecko research report.

Over the past 12 months, significant growth was also observed in the decentralized finance (DeFi) and tokenized collectibles (NFT) markets. Experts have noted active participation from users of both centralized and decentralized cryptocurrency exchanges. The market capitalization increased by 108% over the year, according to Coingecko data.

In addition to Bitcoin, Ethereum (ETH) and Solana (SOL) also had successful performances in 2023, with gains of more than 90% and 900%, respectively.

BTC demonstrated strong growth in the first quarter, rising by 72.4%. Another surge followed in the second quarter, followed by a minor setback in the third quarter by 11.5%, and a return to growth in the fourth quarter.