Key Crypto Events This Week: BTC Reaches 2023 Peak as DOGE Returns to $0.10

• Bitcoin (BTC) surged to its highest point in 2023, reaching $44,747 following news related to the BTC-spot ETF.
• Dogecoin (DOGE) maintained a value above $0.10 for the first time since December 2022.
• Negative comments about cryptocurrency from Capitol Hill did not affect investor attitudes toward the crypto market.  

Bitcoin (BTC) surged by 10.68% for the week ending December 10, 2023, reaching a high of $44,747. This increase was driven in part by growing optimism surrounding the potential approval of a BTC-spot ETF by the SEC in January 2023, which could push BTC towards $60,000 and the all-time high of $69,276. Fidelity's discussions with the SEC regarding the Fidelity Wise Origin Bitcoin Fund also positively impacted BTC's value, contributing to an eight-week winning streak for the cryptocurrency.

In a related development, US Senator Elizabeth Warren called for increased regulatory oversight of the cryptocurrency industry during a hearing with US bank CEOs. However, this regulatory scrutiny did not deter investor interest, as evidenced by the rise in the total crypto market cap to a 2023 high of $1,624 billion.

Coinbase (COIN) saw a 9.61% increase in the week ending December 8, extending its winning streak to six weeks despite ongoing legal issues with the SEC. The company's motion to dismiss the SEC's charges is set to be heard in January 2024, with potential implications for the US digital asset space.

Meanwhile, Dogecoin (DOGE) experienced a successful week, surpassing the $0.10 mark for the first time since April 2023 and maintaining this level for the first time since 2022. Speculation about Tesla accepting DOGE as payment for the Cybertruck also contributed to DOGE's gains, with the cryptocurrency rising by 20.82% to $0.1033 for the week ending December 10.