In this week's Glassnode Clips, we focus on Market Year-to-Date Price Performance in 2023:
- Bitcoin experienced exceptional growth in 2023, with its market cap increasing by 170%, significantly outperforming traditional assets, and its dominance was particularly notable since October.
- Ethereum has lagged behind, evidenced by its ratio to Bitcoin reaching multi-year lows, which indicates that its growth hasn't kept pace with Bitcoin's.
- The wider altcoin sector, excluding Ethereum and stablecoins, has shown a steady performance, which parallels that of Ethereum, in stark contrast to Bitcoin's rapid growth.
Discover more in the latest Glassnode Clips below 👇
https://www.youtube.com/watch?v=ALH1NGilj5I&t=1s
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