{"id":7895,"date":"2025-01-15T20:01:56","date_gmt":"2025-01-15T20:01:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7895"},"modified":"2025-01-15T20:01:56","modified_gmt":"2025-01-15T20:01:56","slug":"bitcoin-outperformed-major-asset-classes-in-2024-specifically-in-q4-coingecko-annual-report-finds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7895","title":{"rendered":"Bitcoin Outperformed Major Asset Classes In 2024, Specifically In Q4, CoinGecko Annual Report Finds"},"content":{"rendered":"
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CoinGecko\u2019s 2024 Annual Crypto Industry Report<\/a> found that Bitcoin (BTC)<\/a> solidified its position as the cornerstone of the crypto market, increasing its dominance to 53.6% of total market capitalization by year-end.\u00a0<\/span><\/p>\n

Bitcoin outperformed all major asset classes in 2024, delivering a staggering +121.5% annual return.<\/span><\/p>\n

Bitcoin\u2019s fourth halving in 2024 marked a pivotal moment in the cryptocurrency market, initiating its fourth bull cycle.\u00a0<\/span>However, the dynamics of this rally were shaped by unexpected macroeconomic and geopolitical events.<\/span><\/p>\n

From the approval of US spot Bitcoin ETFs to central bank rate cuts and Donald Trump\u2019s re-election, these factors propelled Bitcoin and the broader crypto market to new heights.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

Explore: Will a Trump Presidency Boost Litecoin? LTC Price Under Pressure Ahead of Inauguration<\/a><\/strong><\/p>\n

Total Crypto Market Cap Surges Nearly 100% In 2024<\/strong><\/h2>\n

The research found that the total cryptocurrency market capitalization nearly doubled in 2024. It grew by an impressive 97.7% over the year to reach an all-time high of $3.91 trillion in mid-December. <\/span><\/p>\n

This growth was particularly pronounced in Q4, where the market cap rose 45.7% quarter-on-quarter, adding $1.07 trillion.<\/span><\/p>\n

In fact, average daily trading volume skyrocketed from $31.1 billion in Q3 to $62.6 billion in Q4, an increase of 101.3% QoQ.<\/p>\n

Over $190 billion in spot volume was recorded on 6 December 2024 alone when Bitcoin broke above $100,000, marking a yearly high.<\/p>\n

\u201c2024 Q4 was a landmark quarter for Bitcoin (BTC), as it rallied past $100,000 for the first time on 9 December 2024,\u201d the report stated. It reached a high of $108,135 before retracing slightly to end the year at $93,508. This represents a 121.5% increase from the start of the year.\u200b<\/p>\n

Bitcoin\u2019s record-breaking rally to $108,135 symbolized renewed investor confidence, while emerging trends like AI integration and Layer 2 scalability solutions showcased crypto\u2019s evolving utility beyond speculative investments.<\/span><\/p>\n

Explore:\u00a0Trump Vows to Make US The Crypto Capital: But Which Nation Will Be Crowned Crypto Capital<\/a><\/strong><\/p>\n

Market Cap of AI Agents Grew 322.2% In 2024 Q4<\/h2>\n

AI agents became one of the fastest-growing sectors within crypto in Q4 2024. Their market capitalization skyrocketed by 322.2%, from $4.8 billion to $15.5 billion.<\/span><\/p>\n

Notably, the launch of GOAT on Solana spurred initial interest in AI agents.<\/span><\/p>\n

Meanwhile, Centralized exchanges (CEXs) experienced unprecedented activity in Q4 2024, with spot trading volumes reaching an all-time high of $6.45 trillion, up 111.7% QoQ.<\/span><\/p>\n

The key players include Binance. It maintained its dominance with a 34.7% market share among top CEXs. <\/span>Upbit was the fastest-growing CEX in Q4, with trading volumes surging 314.8% QoQ, driven by heightened activity during South Korea\u2019s political turmoil.<\/span><\/p>\n

Overall, CEXs processed $17.4 trillion in spot trading volume throughout 2024\u2014more than double the $7.2 trillion recorded in 2023.<\/span><\/p>\n

XRP saw its market share climb to 3.5%, making it one of the standout performers alongside Bitcoin in Q4 2024. This allowed XRP to leapfrog BNB and Solana to secure the fourth spot by market cap.<\/span><\/p>\n

Dogecoin (DOGE) also re-entered the top seven cryptocurrencies by market cap for the first time since April 2021, replacing USDC stablecoin\u2014a notable shift reflecting changing investor sentiment.<\/span><\/p>\n

The post Bitcoin Outperformed Major Asset Classes In 2024, Specifically In Q4, CoinGecko Annual Report Finds<\/a> appeared first on 99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

CoinGecko\u2019s 2024 Annual Crypto Industry Report found that Bitcoin (BTC) solidified its position as the cornerstone of the crypto market, increasing its dominance to 53.6% of total market capitalization by year-end.\u00a0 Bitcoin outperformed all major asset classes in 2024, delivering a staggering +121.5% annual return. Bitcoin\u2019s fourth halving in 2024 marked a pivotal moment in […]<\/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-7895","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\/7895","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=7895"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7895\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}