Crypto Market Review (Q4 2023)
San Francisco • Jan 24, 2024
Q4 was the capstone on a big year for crypto.
In 2023, the Bitwise 10 Large Cap Crypto Index rose 143% and the Bitwise Crypto Innovators 30 Index surged 240%. The year’s final three months only reinforced this sharp upward trend. During Q4:
Blockchain revenues climbed 139% quarter-over-quarter;
Ethereum-linked transactions hit new all-time highs;
Altcoins recovered in a big way, headlined by Solana’s 939% gain in 2023; and
Stablecoin AUM reversed course and turned upward after a slower 2022.
Learn more about all of these developments—and why we believe 2024 has greater momentum in store—in Bitwise’s latest quarterly Crypto Market Review. The data-driven digest on crypto fundamentals features more than 50 charts on the biggest stories from an impressive quarter.
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Access this report for key data points that shaped crypto markets in recent months.
Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices and institutional investors as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
