Bitcoin entered February around $42,600 and ended the month at ~$61,200, increasing a whopping 44% for its largest monthly gain since December 2020. Crypto’s apex asset drifted lower to start the month after the Fed expressed caution around near-term rate cuts post the latest FOMC meeting.
Reports
Crypto Commentary January 2024
Bitcoin gained ~1% during January after entering the month around $42,300 and finishing at ~$42,600. Bitcoin rallied into the approval of spot Bitcoin ETFs on January 10th, but price topped out around ~$48,500 the next morning before dwindling lower for most of the month due to GBTC outflows.
GSR Venture Investments – Looking Ahead 2024
We saw 2023 as a turning point in our industry, and 2024 is poised to be a fascinating year with several macro and crypto-specific catalysts that are poised to drive change and perhaps push us into a full-blown bull cycle. In this report GSR’s venture capital team breaks down the narratives that
GSR Boosts Executive Leadership with Head of Trading Hire
GSR has appointed Andreas Koukorinis as its new Head of Trading. He joins the firm from JP Morgan, where he most recently served as their Global Head of Credit and FICC ETF eTrading.
GSR Digital Asset Reference Pack
With the cryptosphere heating up, we provide a reference pack with brief, fundamental overviews of various digital assets topics and subsectors.
Crypto Commentary December 2023
Bitcoin gained ~12% during December after entering the month around $37,700 and finishing at ~$42,250. The majority of gains came during the beginning of the month as ETF optimism grew.