It was an incredibly busy year for the cryptocurrency markets, and we are just hours away from entering the final week of 2023. After sleepless nights and stressful mornings, cryptocurrency investors are preparing for a much more promising period in 2023. Are you ready to review the list of the most important events we experienced in the past 12 months? Although the preparation took hours, it is worth the effort since we can see some developments in the future related to these events.
The Most Important Crypto Events of the Year
We witnessed hundreds of major developments, from the Fed’s interest rate hikes to the US banking crisis, we saw it all. You can review the events month by month in the subsections below. The movements in the Bitcoin graph below were largely triggered by the 167 significant events mentioned here.
January
- January 2: Vice President of the time, Fuat Oktay, announced that blockchain-based digital identity work was being done for the e-Government system. This was a very important step for the ecosystem in Turkey.
- January 3: US Federal banking regulatory agencies published a statement highlighting the fundamental risks associated with crypto assets and banking institutions related to the crypto sector, and explaining the supervisory approaches of the institutions in this area.
- January 4: Coinbase ended a major FUD by paying a $50 million fine for not showing the necessary diligence in KYC verifications.
- January 5: Celsius Network founder Mashinsky was sued for fraud.
- January 6: With pro-crypto PMI data and the diminishing impact of the FTX collapse, BTC rose above $17,000 again.
- January 10: Fed member Bowman declared they had no intention of hindering cryptocurrencies and innovation.
- January 11: The rally in the first quarter of 2023 was triggered by Avalanche‘s announcement of a partnership with AWS.
- January 14: The Fed was going to reach its targeted ceiling interest rate of 5.1% for 2023 after two meetings with a 25bp increase. However, no one knew that it would climb to the 525-550 level by the end of the year. Since the inflation data was also good, BTC once again exceeded $20,000 on this date.
- January 18: We experienced a decline with the announcement of crypto sanctions by the US Department of Justice.
- January 27: The White House released an announcement focusing on the risks of cryptocurrencies.
February
… [The rest of the article continues with a month-by-month breakdown of significant events in the crypto market throughout the year.]
