Bitcoin Q1 Performance Digest: 70% Price Surge, Inflows Into ETFs, And Expansion Of Layer TVL Revealed
Summary
Bitcoin's Q1 2024 performance was strong, with a 68.78% price increase to an ATH of $73,100 and a market cap dominance of 49.7%. Inscription activities drove fees up in Q4 2023 but decreased by 41.9% in Q1 2024. Average daily transactions and daily active addresses declined, possibly due to decreased bot activity. Q1 saw significant growth in programmable layers and the approval of nine spot ETFs, accumulating over $12 billion in inflows. Bitcoin's exceptional performance solidifies its position as the leading cryptocurrency, with anticipation for the supply halving and success of BTC ETFs contributing to its growth and recognition in traditional finance.
