Topic: Read the Cryptocurrency Industry Report for the First Quarter of 2024 in 1 min (Read 67 times)

Yeah the start of the year I feel like definitely set the whole mood for the rest of the year and now after the halving we can start speculating just how high can the price go up to in the next following months extending until next year.

Lots of investors definitely expressed positive sentiment about the market although the past few days where bitcoin was dipping made a lot of them anxious. We are back on track though it seems.

Indeed BTC has shown great increment in its price throughout the first quarter of this year and achieved a new ATH of $73k, with other major cryptocurrencies like BNB, SOL, KCS, and OKB Bitget native currency BGB has also surged following the same BTC trend resulting in set ATH of $1.35 and it shows people's interest toward this currency have been increasing immensely and they're looking to add this potential gem into their portfolio.

We have to wait, the bull run soon will come and that's going to show how dominant it is for this and next year.

That's okay, there's no need to rush. This year is okay, next year is okay. That still suits the 4-year cycle that we're always experiencing but we don't know if this will be different in the past.

If it will be different, I hope that it will be better than the past bull runs.

yeah i also expected something very big after this halving so I kept holding up to now and planning not to sell until I set my goal price to selling all my holding.

this year is the waiting time , but there are lots of speculative thread that we will be seeing that 6 digits or that 100k price not this year but in 2025 , are you also agree on that mate?

Yeah, this start of year is already great and this gives us to set the expectation that the bull run is going to be greater as it starts.

Halving was done and before the date of halving came, we've seen the ATH reached and crossed over and that's why it's giving that positive speculations before this year ends and for the next year to come.

Overall we can say that crypto has had a good run this year so far and I am confident that this is not where crypto will end. I am sure that we will see much more good news for the whole crypto community in the next following months.

The community has not stopped growing ever since and more and more people are being influenced to finally take the step and invest.

The cryptocurrency market continues to rise in the first quarter of 2024! On March 13, the total market value soared to US$2.9 trillion, a month-on-month increase of 64.5%, an absolute increase of more than US$1.1 trillion, and the value almost doubled!

The frenzy was largely driven by the approval of a U.S. spot Bitcoin exchange-traded fund (ETF), pushing Bitcoin prices to all-time highs in March.

Let’s take a look at the highlights of the quarter:

Bitcoin surged in the first quarter, rising as much as 68.8% and approaching an all-time high of $73,098;

As of April 2, the U.S. spot Bitcoin ETF managed assets exceeded $551 billion, and its momentum is unstoppable;

Ethereum staking on EigenLayer grew rapidly by 36% to 4.3 million ETH;

Solana’s meme coin is on a meteoric rise, with the top 10 adding a whopping $832 billion in market capitalization;

The NFT market is extremely hot, with the transaction volume of the top ten markets reaching US$4.7 billion, of which Magic Eden is far ahead!

Centralized exchanges have also seen unprecedented activity, with spot trading volume reaching $4.29 trillion in the first quarter, the highest level since the fourth quarter of 2021;

Ethereum’s share of trading volume on decentralized exchanges fell below 40%, signaling the rise of other blockchain platforms.

Data for this article was sourced from CoinGecko.