{"id":12489,"date":"2025-02-11T15:01:41","date_gmt":"2025-02-11T15:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12489"},"modified":"2025-02-11T15:01:41","modified_gmt":"2025-02-11T15:01:41","slug":"crypto-ecosystem-growth-slowed-in-january-even-as-total-market-cap-rose-jpmorgan-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12489","title":{"rendered":"Crypto Ecosystem Growth Slowed in January Even as Total Market Cap Rose, JPMorgan Says"},"content":{"rendered":"
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Crypto ecosystem growth slowed in January, with total trading volume dropping 24%, Wall Street bank JPMorgan (JPM) said in a research report Tuesday citing TradingView data. <\/p>\n

Still, the activity is double the level before the U.S. election in November and the total market cap increased 8% to roughly $3.4 trillion, the report said. The market cap growth was concentrated in bitcoin (BTC<\/a>), solana (SOL<\/a>) and XRP, while “declines in average daily volume (ADV) were broad-based across the ecosystem,” the bank said.<\/p>\n

“We think the election was a catalyst for sure, and activity and token price levels are finding their equilibrium in the post-election period,” analysts led by Kenneth Worthington wrote.<\/p>\n

Decentralized finance<\/a> (DeFi) and non-fungible tokens<\/a> (NFTs) fared worse on a monthly basis the report said, with a larger deterioration across a number of metrics.<\/p>\n

There has been some progress on the regulatory front. <\/p>\n

The new Trump administration established a new crypto taskforce<\/a> and SAB 121<\/a>, a controversial accounting rule, was rescinded, JPMorgan said.<\/p>\n

Read more: Equities-Crypto Relationship Is Likely to Weaken in the Long Term, Citi Says<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto ecosystem growth slowed in January, with total trading volume dropping 24%, Wall Street bank JPMorgan (JPM) said in a research report Tuesday citing TradingView data. Still, the activity is double the level before the U.S. election in November and the total market cap increased 8% to roughly $3.4 trillion, the report said. The market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12489","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12489"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12489\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}