fromcrypto – The cryptocurrency market hit a document excessive of $3.91 trillion in December 2024, pushed by optimism over rules, institutional adoption and a brand new all-time excessive of $108,000.
Components contributing to bitcoin's rise included MicroStrategy's involvement in bitcoin acquisitions and their continuation, in line with Binance Analysis.
Nonetheless, the market noticed a pointy correction in the direction of the tip of December when the Federal Reserve diminished its deliberate 2025 price cuts from 4 to 2, regardless of a modest 0.25% lower throughout the month.
The choice led to a market correction that wiped greater than $0.5 trillion off the cryptocurrency market cap.
Regardless of a late December correction, Bitcoin ended the yr with a 123.4% enhance in its market capitalization, rating it the seventh largest world asset by market capitalization. Saudi Aramco (TADAWUL:) and Silver. Bitcoin's efficiency was probably the greatest among the many prime 10 world property, second solely to Nvidia (NASDAQ:
Components that contributed to this efficiency embrace the approval of spot ETFs, the Bitcoin Halving, shifts in financial coverage and expectations of a extra supportive regulatory atmosphere. If progress continues via 2025, Bitcoin's place because the asset class chief may additional consolidate.
In the meantime, Ethena's USDe noticed a speedy enhance in market capitalization to round $5.9 billion, surpassing DAI to develop into the third largest stablecoin by market capitalization. Components behind this success embrace the excessive return per USDe staked and the addition of sUSDe as collateral on Aave in November.
In December, the volumes of decentralized spots and perpetuals reached historic highs of USD 326 billion and USD 356 billion, respectively. Decentralized buying and selling of perpetuals grew by greater than 370% year-on-year, largely pushed by Hyperliquid. The lending and liquid betting protocols additionally hit new TVL highs of $55 billion and $71 billion respectively. The DeFi sector may see additional progress with the incoming pro-crypto Trump administration.
AI brokers have gotten increasingly more prevalent within the crypto world, with prime AI agent tokens now reaching multi-billion greenback valuations and round 100,000 each day impressions. One of the best platforms embrace Virtuals and ai16z, the group behind the Eliza framework that runs your personal agent.
Essentially the most notable particular person agent is aixbt, which offers each day market evaluation on a spread of crypto subjects. Whereas many brokers deal with related use instances, leisure brokers are rising and enterprise brokers are additionally evolving.
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