Crypto Market Update – December 2023

January 10, 2024

December was a momentous month for crypto-currency. The following headlines showcase the dynamic movement of the industry at the end of the 2023, and promise an exciting year ahead for the crypto-world:

  • A potential game-changer is quietly emerging in the world of Wall Street as BlackRock, the largest asset manager with over $9 trillion in AUM, opens the door to a ‘Trillion-Dollar Plus’ opportunity. This move takes place against the backdrop of the ongoing $700 billion surge in Bitcoin, Ethereum, XRP, and other cryptocurrencies, signifying a significant development that could reshape the financial landscape.

  • Core Scientific, a prominent player in the blockchain space, announces crucial updates for December and outlines its production and operations plans for the full year of 2023. These insights offer a glimpse into the operational dynamics of a key industry participant, providing valuable perspectives on the evolving state of blockchain infrastructure.

  • A noteworthy event is on the horizon as a Bitcoin ‘bull cross’ is poised to occur for the first time since 2016. This occurrence carries substantial implications for the crypto market, potentially influencing the trajectory of Bitcoin prices and signaling a shift in market sentiment.

As we delve into these headlines, it’s clear that December brought with it a series of groundbreaking developments that set the stage for an exciting period of growth and innovation in 2024.

A Hack of the S.E.C.’s Social Media Account Caused a Bitcoin Frenzy, Briefly.

“The X account of the Securities and Exchange Commission announced the approval of an investment product linked to Bitcoin. It wasn’t true.”


HyperVerse Promoter “Bitcoin Rodney” Arrested in US: Report

“HyperVerse crypto promoter Rodney Burton, better known as “Rodney Bitcoin,” has been arrested for his role in an elaborate crypt investing scheme, court documents reveal.”


Marathon Digital Breaks Own Record with 1,853 Bitcoin Mined in December

“According to a Jan. 4 press release, the Florida-based firm reported mining 1,853 Bitcoin in December, a 56% increase from November and a 290% increase from December 2022.”


Crypto Job Postings Drop Nearly 60% in December Despite Recent Bitcoin Rally

“Crypto job postings on LinkedIn declined 57 per cent year-over-year in December, less than the 71 per cent year-over-year drop in November, according to the professional networking site.”


Core Scientific Announces December and Full Year 2023 Production and Operations Updates

“Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for December and for the full year 2023.”


Orbit Bridge Hack Pushes December Crypto Theft to Nearly $100M

“The recent attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December 2023 to almost $100 million, according to blockchain security firms.”


Major Crypto Heist Strikes Flooring Protocol and NFT Trader, Millions in NFTs Stolen

“The combined theft, occurring on December 16, resulted in the loss of NFTs valued at nearly $4.54 million, stirring serious concerns about the security of digital asset platforms.” (FET) Price Eyes New ATH After Remarkable 620% Yearly Growth

“In just 30 days, it shot up by a whopping 67%, and over the past year, it’s soared an incredible 620%.”


BlackRock Has Quietly Opened The Door To A ‘Trillion-Dollar Plus’ Wall Street Game-Changer Amid The $700 Billion Bitcoin, Ethereum, XRP And Crypto Price Boom

“Now, as wild rumors swirl around a secret sovereign bitcoin bid, BlackRock has quietly adjusted its landmark bitcoin spot exchange-traded fund (ETF) application to allow Wall Street giants such as JPMorgan and Goldman Sachs access.”


This Bitcoin ’Bull Cross’ is About to Hit for the First Time Since 2016

“Bitcoin is attempting to print a rare crossover that preceded the BTC price bull run to $20,000 in 2017.”

Related Articles

Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional.

Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Altfund Management, disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Altfund Management and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Altfund Management and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities, or a solicitation to provide investment advisory services.

Learn More Today.  Invest For Tomorrow.