Bitcoin and DeFi drive crypto resurgence in Q1 2023, according to a market report from CoinGecko.
The cryptocurrency ecosystem has enjoyed a buoyant start to the year as Bitcoin and decentralized finance protocols surge in market capitalization through the first quarter of 2023.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.
The report highlights that all major asset classes saw gains through the first quarter of the year, barring crude oil, which dropped by 6.1%. This decline was attributed to
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