HONG KONG, Jan. 17, 2025 (GLOBE NEWSWIRE) — CoinEx Research and ViaBTC Capital have jointly published the 2024 Crypto Annual Report, offering an in-depth analysis of the cryptocurrency market’s remarkable growth, volatility, and innovation throughout the year. This comprehensive report highlights key trends across macro markets, blockchain technology, DeFi, NFTs, and institutional adoption, providing expert insights into the evolving landscape of digital assets.
Overview
In 2024, the cryptocurrency market experienced significant growth and volatility. Bitcoin (BTC) and Ethereum (ETH), as the main players in the market, both saw substantial changes in their prices and trading volumes. Bitcoin, driven by ETF approvals and the halving event, approached a price of $100,000, while Ethereum, influenced by the Dencun upgrade and the anticipated approval of ETFs, also witnessed significant fluctuations in price and trading volume. The stablecoin market showed a stable growth trend in 2024, with Tether (USDT) and USD Coin (USDC) continuing to dominate, and emerging stablecoins such as USDE and USD0 also showing growth, reflecting the market’s demand for diversified stablecoins.
Additionally, 2024 marked the Bitcoin halving, an event with profound market implications as it significantly reduced Bitcoin’s annual inflation rate, making it even scarcer. The halving event also brought attention to Bitcoin’s Layer 2 solutions and staking mechanisms. In terms of mining, ViaBTC achieved a significant milestone by mining the Epic Sat, highlighting their contribution to the mining ecosystem.
This report is jointly released by CoinEx Research and ViaBTC Capital, aiming to provide in-depth analysis and research on the blockchain and cryptocurrency industry. The report covers macro markets, blockchain technology, digital assets, DeFi, NFTs, and other fields, offering users professional market insights through tracking market trends, analyzing project white papers and technical documents, and evaluating project teams and development prospects.
We would like to express our gratitude to ViaBTC for their significant contribution to the mining pool section of this report, providing valuable insights and data that enhance our analysis.
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Market Overview: Bitcoin and Ethereum Lead the Way
The cryptocurrency market experienced significant growth in 2024, with Bitcoin (BTC) and Ethereum (ETH) at the forefront. Bitcoin, driven by ETF approvals and the highly anticipated halving event, approached $100,000. Ethereum’s performance was influenced …
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