Tokens from Injective, a layer-1 blockchain in the Cosmos ecosystem, and Render, a GPU rendering network that migrated this year to Solana from Ethereum, dominated the year's return rankings among the CoinDesk Market Index (CMI) benchmark index of 184 digital assets.

A British judge has rescheduled the trial between Craig Wright and the Bitcoin Core developers for February 5th. The judge also approved the developers' second security application, ordering Wright to pay an additional £800,000 (approximately $1 million) by January 5th to cover the developers' legal fees in the event of his defeat. Wright has already deposited £100,000 ($127,000) as a security deposit.

According to data monitored by on-chain analyst Ali, Bitcoin whales have sold about 50,000 BTC worth about $2.2 billion in the past week.

The market shows that BTC has fallen below $43,500 and is now reported at $43,488, with a daily decline of 0.89%. The market is volatile, so please be prepared for risk control.

Argentina's foreign minister, Diana Mondino, has confirmed that the country's new government has legalized the use of Bitcoin for contractual agreements. This announcement aligns with the focus of the new administration headed by the newly elected president of Argentina, Javier Milei, who is a Bitcoin supporter and a staunch opponent of central banks. The decree legitimizes the use of specific assets in contracts and payments, including Bitcoin and any other crypto or commodity. At the time of writing, Bitcoin was trading at $43,708, up 0.04% on the day and gaining 2.11% across the week.

Bitcoin has performed well this year, despite earlier struggles due to economic conditions such as rising interest rates. When compared to traditional investments like Apple, Bitcoin's daily trading volume has been notably higher, with an average of $22.52 billion compared to Apple's $10.14 billion. This difference in trading volume highlights Bitcoin's resilience and its potential as an alternative investment to traditional options like gold. The fact that Bitcoin surpassed Apple's trading volume signifies that the asset cannot be dismissed merely as a market spectator, and may indicate a possible shift within the financial landscape.

Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!”

Market shows BTC has broken through $44,000 and is currently trading at $44,033.3, with a daily increase of 3.07%. The market is volatile, so please be prepared for risk control.

Bitcoin could potentially reach $160,000 in a bullish market that analysts predict will occur in 2024 due to a combination of catalysts and historical trends. On-chain analysis firm CryptoQuant suggests that demand from ETFs, the upcoming halving, and growth in stock markets could push bitcoin prices to at least $50,000 in the short term. The analysts also point to factors such as network activity, macroeconomic conditions, and stablecoin liquidity as potential drivers of a positive year for bitcoin and crypto markets in 2024. However, CryptoQuant warns of a potential price correction in the short term due to high unrealized profit margins for recent investors.

According to a Matrixport report, Bitcoin holders' wealth is expected to increase by approximately $500 billion by 2023. The report attributes this growth to a decrease in US inflation, which has dropped from 8% to 3.1%, and is expected to further drop to 2% by 2024. Additionally, Bitcoin miners limit the supply of new Bitcoin during halving cycles, resulting in a new high for Bitcoin six months after each halving, which is expected to occur again in April of next year.The report also notes that despite the Federal Reserve's guidance to cut rates by 75 basis points in 2024, the gap between the federal funds rate and the consumer price index remains significant at 220 basis points. With the support of the macroeconomic environment, it is expected that the price of Bitcoin will increase in 2024. The report also analyzes the high Bitcoin funding rate, indicating traders' expectations of future price increases, and the potential impact of the approval of a Bitcoin spot ETF on the market. Although Bitcoin has been in a consolidation range since December 8, it is expected that its support level ($40,000) will remain stable with the approval of a Bitcoin spot ETF in early 2024.The report also focuses on the development of decentralized finance (DeFi), which underperformed in 2023 overall, but saw significant growth in Lido's total locked value (TVL), which increased from $6 billion to $20 billion. In addition, the discount of Grayscale Bitcoin Trust (GBTC) narrowed from -47% to -8%, and its price increased by 326%, making it a highlight of the year's trading.