The market value of BTC has increased by 110% this year, and BTC and ETH have significantly outperformed traditional assets such as gold.

Glassnode’s latest chain report shows that the digital asset market has achieved impressive returns in 2023. The performance of BTC and ETH has significantly exceeded the performance of traditional assets, and the performance of both has exceeded that of gold at its peak. 93% and 39%. The two major digital assets have seen significantly smaller market corrections than in previous cycles, indicating investor support and positive capital inflows. The Altseason indicator shows the first significant appreciation against the US dollar since the highs of this cycle. However, it is worth noting that this is happening against the backdrop of Bitcoin’s continued rise in dominance, which has risen from the cyclical low (38%) reached in late 2022, and Bitcoin’s market capitalization is up 110% year-to-date , while the market value of altcoins (excluding stablecoins) increased by 37%.