The developments in the crypto sector show both progress and challenges, which are analyzed by Wall Street bank JPMorgan in a recent report. While the total market value of cryptocurrencies increased, there was a decline in trading volume. These results shed light on the current stability of the market and the factors that influence it.
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market development and trading volume
Analyses and catalysts of activity
Challenges in the DeFi and NFT industry
Regulatory progress
conclusion
market development and trading volume
January saw a 24% decline in trading volume. However, activity remains at higher levels than before the US elections in November, suggesting that markets are responding to the political landscape. The total market value of cryptocurrencies grew by 8%, reaching approximately $3.4 trillion. These gains were particularly evident in Bitcoin (BTC) , Solana (SOL) and XRP .