CoinGecko: 2024 Q1 Crypto Industry Report

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CoinGecko: 2024 Q1 Crypto Industry Report
The cryptocurrency market has consistently remained above $2 trillion in the recent past, led by Bitcoin (BTC) with a market dominance of about 55.65 percent. With less than three days to the fourth Bitcoin halving, overall crypto volatility is expected to remain relatively high. Furthermore, investors taking refuge in the stablecoins market will begin to gradually enter the crypto industry in the subsequent months.
Closer Look at CoinGecko’s Q1 Crypto Report
Most of the crypto assets led by Bitcoin and Ethereum confined a bullish breakout during the first quarter of 2024. According to the Q1 2024 crypto report by CoinGecko, a leading cryptocurrency data aggregator with over 13k different digital assets, the approval of spot Bitcoin ETFs in the United States was the main event in the industry.
Furthermore, it helped increase the overall valuation to as high as $2.9 trillion in March but has since stabilized around $2.

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