Binance Research "March 2024 Key Trends in Crypto" report offers insights into the significant developments in the digital currency marketplace over the past month. The report shines a spotlight on the dominant performance of the cryptocurrency market in February 2024, regarded as an exceptionally strong period for digital currencies.
With the total market capitalization increasing by 40% and Bitcoin’s price inching closer to its all-time high, February served as a turning point fuelled by significant inflows from spot BTC ETFs. Furthermore, the DeFi market showed impressive performance, presenting a 50% increase in TVL, while the NFT market witnessed a less pronounced but still notable increase, with the monthly trading volume going up by 3.3% to $1.23 billion.
