Weekly Roundup #1 of 2023

Published: Jan 08, 2023

Hard to believe it's been a whole week into 2023 already. It's been an uneventful week, at least in terms of price action, however, we've seen some steady modest gains.

Total market cap began the year at $756 billion and has closed at $784 - an increase of 3.8% - Not bad
This is according to TradingView's calculations using Total Market Cap Chart.

Opened on 1st Jan 2023 at 00:00 UTC and Closed on 7th Jan at 23:59 UTC

This total is lower than what you'll find on the likes of CoinMarketCap and Coin Gecko but I feel is more accurate.

Bitcoin rose 2.5% on the week opening at approximately $16,500 and closing at approximately $16,950.

Other events:

• Sam Bankman-Fried pleads not guilty in FTX case
• DOJ Seizes Over $456m worth of Robinhood Shares tied to FTX founder Sam Bankman-Fried
• Silvergate has had over 8 billion dollar bank run as a result of US regulators warning banks who issue or hold crypto were "highly likely to be inconsistent with safe and sound banking practices"
• Bitcoin celebrated its 14th birthday. The genesis block of Bitcoin (BTC) was mined on Jan. 3, 2009.