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Bitcoin and liquid staking protocols lead crypto resurgence in Q1 2023

Published 04/18/2023, 09:15 AM
Updated 04/18/2023, 03:20 PM
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The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin (BTC) and decentralized finance (DeFi) protocols surge in market capitalization through the first quarter of 2023.

These are the key takeaways from the “2023 Q1 Crypto Industry Report” published by CoinGecko on April 18. BTC emerged as the best-performing asset of Q1 2023, with gains of 72.4%, outperforming the likes of the Nasdaq index and gold, which marked 15.7% and 8.4% gains, respectively.

Bitcoin has been the best-performing asset through the first three months of 2023. Source: CoinGecko

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