With each passing week, it’s getting easier to talk about crypto’s relative stability compared to its performance in recent history—even just a year ago. A cursory glance at some of the headlines of this column over the year reveals we’ve had more slow news weeks than otherwise in 2023.

However, we’ve still come a long way since New Year’s Day, when market leader Bitcoin (BTC) sold for roughly $16.5K. The world’s favorite cryptocurrency begins the last weekend of September at a significantly higher price: $26,972. While that’s only 2% higher than last week, it’s about 60% more valuable than at the start of the year. 

The market’s biggest contender, Ethereum (ETH), added 4.7% over the last seven days and currently trades for $1,672, or about 40% higher than its New Year’s Day price of $1,200.

This week, the added boost to Ether’s price likely had something to do with the fact that VanEck’s Ethereum Futures Exchange-Traded Fund (ETF) was officially confirmed on Thursday.

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Author: Tim Hakki

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