Bitcoin-related Ticker Performance in 2023 Year and in December 2023

It has been a very strong performance year and month for bitcoin-related securities.  Treemap charts can be a very powerful data visualization tool.  This post is to show how treemap charts are well suited to conveying these kinds of results.

Here is a one-month chart for December, 2023.  Despite some close price retreats towards the end of the month, bitcoin miner prices advanced well in December, 2023.

  • BITF, the ticker for a Canadian-based miner which focuses on the use of hydro electricity sources, returned the largest monthly gain.
  • MARA, a large, publicly traded company which focuses on US mining operations, returned the second largest monthly gain.


Here is a year-to-date performance chart for the whole of 2023.

  •  In the following chart, MARA with a gain of 578% edged slightly ahead of BITF with a gain of 555%.
  • Other bitcoin miners returning over 300% for the year include RIOT and CLSK.
  •  MSTR is the ticker for a business intelligence company that also focuses on growing its bitcoin holdings, which are currently about 1% of the total volume available.  Its close price grew by over 340% during 2023.

 


You can learn more about treemap charts from this prior data visualization article.  The preceding treemap charts in this post were generated with the finviz.com web application.  If there is sufficient interest among blog followers, I may issue a post demonstrating how to create treemap charts with finviz.com and/or other data visualization packages.  If you want to see future posts on data visualization with treemap charts and/or historical price performance for bitcoin-related companies, please send an email requesting it to RickDobsonBlogs@gmail.com.

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