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Market Pulse - Q1 2023

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We are delighted to introduce our inaugural quarterly report, titled "Market Pulse," which offers a comprehensive analysis of the key trends and developments in the crypto asset market for Q1 2023.

The first quarter of 2023 saw a robust price rally, indicating continued global interest in crypto assets despite the destabilizing events of 2022 and the impending regulatory crackdown in the US since the FTX debacle.

Amidst a volatile macroeconomic landscape, a spreading banking crisis in the US and Europe, and further government intervention through liquidity injections, the Nasdaq Crypto Index (NCI) performed exceptionally well, increasing by 63.9% in the quarter. This growth significantly outpaced traditional risk assets, such as the Nasdaq 100 (+16.8%) and the S&P 500 (+7.0%)

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