# King Bitcoin

*Author: Bankless*
*Published: Dec 20, 2023*
*Source: https://www.bankless.com/fr/king-bitcoin*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/12/image--28-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=startup-slump&email=true)

  

     King Bitcoin
  
  

  
  Published on Dec 20, 2023

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=startup-slump&email=true) — Sign up for an account and see what crypto can be. 

[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=startup-slump&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    Rise of Restaking
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/12/Group-14--3-.png)- ☝️** EigenLayer reaches $1B TVL.** The [Ethereum restaking protocol is reaching new heights](https://twitter.com/eigenlayer/status/1737516952867020880) after it lifted deposit caps and added support for new tokens earlier this week. 
- 🔒** Ledger makes good. **The popular hardware wallet manufacturer announced plans to [evolve its security processes and make affected users whole](https://twitter.com/Ledger/status/1737457365526470665) after facing a major transaction signing exploit last week.
- 🧐** China eyes NFTs. **The nation's Ministry of Industry and IT revealed it's working on plans to [grow development efforts around NFTs and decentralized apps](https://twitter.com/S4mmyEth/status/1737411841402241493) within the Asian superpower. 

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    King of the Hill
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/12/image--50--4.png)](https://www.bankless.com/king-of-the-hill)*'*
💸** Greener Pastures.** Crypto markets made modest gains today amid a down day for a stock market that continues to inch towards new all-time highs. The total crypto market cap (TOTAL) is green, up 3.7%, but broadly alts are struggling against Bitcoin. *What's driving BTC outperformance?*

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.62t
       

  
    
    ↗ 2.5%
    
  

   
    
    ↗ 1.3%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $43,576.08
       

  
    
    ↗ 3.0%
    
  

   
    
    ↗ 2.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,183.64
       

  
    
    ↗ 0.2%
    
  

   
    
    ↘ -3.0%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/king-of-the-hill)

.  .  .

 
  
    

    ARTICLE

  
  
    
   The Crypto Startup Slump
  
  
  
  
  
   
     
     Guest Author: 
     
      [
       
       Rachael Sacks
     
    ](https://twitter.com/RAnSacks)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/12/image--48--2.png)](https://www.bankless.com/startup-slump)2023 may have been a big recovery for the crypto space, but you wouldn't know it by looking at the startup investment landscape. Today, guest writer Rachael Sacks walks us through some of the dominant themes in crypto VC from the past year.  

**Read the full free article on our website 👇**

[Get the Full Details](https://www.bankless.com/startup-slump)
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