Bitcoin helped the Nasdaq crypto index to register a 38% surge in the first month of 2023.
BTC has the highest weight in the index , followed by ETH . The other altcoins have a weight of less than 1%. Thus, the subsequent rise of BTC and ETH, which have surged over 35% in the past month, is also reflected in the index. The index weight refers to the share of stocks invested in a particular digital asset.With a prolonged crypto winter throughout 2022, Bitcoin ended the year at around $16,500, with most altcoins also testing their yearly lows.
On Feb. 1, the Federal Open Market Committee press briefing announced an interest rate hike of 25 basis points. The United States Federal Reserve Chair, Jerome Powell, suggested that inflation has started to cool off in the world’s largest economy. The Fed raise
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