On the last day of 2024, looking back on the magnificent bull market of the crypto market throughout the year, we are also full of expectations for 2025. The following is our annual summary of the cryptocurrency market data in 2024.

 

1. #BTC Annual price trend:

In 2024, BTC fluctuated greatly. From the beginning of the year to the end of the year, BTC's annual increase was as high as 119.21%. The highest point of the year reached $108,366.8, and the lowest point dropped to $38,545. This year's bullish trend is clear, but it is also full of uncertainty and volatility of investor sentiment: the long-short ratio of the entire network fluctuated in the range of 0.9 to 1.1 throughout the year, and market participants seemed to have a delicate balance between bullish and bearish. The fear and greed index fell to an abnormal panic state of around 17 at its lowest throughout the year, and rose to an extremely greedy atmosphere of around 94 at its highest. Market sentiment also experienced very extreme fluctuations at different stages.

 

2. Market value:

As of December 31, 2024, the total market value of cryptocurrency reached US$3.23 trillion, almost double compared to US$1.65 trillion at the end of last year. This is due to the strong performance of Bitcoin and the stable development of other cryptocurrencies. This bull market is affected by many factors, mainly the spot ETF narrative, the halving of BTC mining rewards and the prevalence of Trump trading, as well as the current round of Fed interest rate cuts. Positive expectations. Judging from the market capitalization trend chart at the end of 2018, although the market has experienced several significant corrections, the overall trend is still upward.

 

3. Component ratio as of December 31, 2024:

#coinank Data shows that in terms of market capitalization composition, #比特币 is far ahead with a share of 62.43%, with a market capitalization of 1.82 trillion US dollars. Ethereum follows closely behind, accounting for 13.73% and a market capitalization of 402.38 billion US dollars. Other major cryptocurrencies such as XRP, BNB, SOL, DOGE and ADA also occupy a certain market share, accounting for 3.98%, 3.46%, 3.1%, 1.57% and 1.02% respectively. Among them, XRP has the largest increase since the US election in November, returning to the top three list of market capitalization. MEME, AI and RWA are popular concept sectors throughout the year.

 

IV. 2024#爆仓数据 :

In 2024, the total liquidation value of the entire network contract reached a staggering 86.069 billion US dollars, and the number of liquidations reached 28.5202 million. The largest single liquidation value was 75.5048 million US dollars. The high risk and high return coexist in the crypto market. We need to be cautious when conducting contract transactions and try to avoid becoming part of this data.

 

5. ETF data for 2024:

In terms of spot ETFs, the total inflow of US BTC spot ETFs was US$34.363 billion, and the total inflow of US ETH spot ETFs was US$2.621 billion. The total inflow of Hong Kong BTC spot ETFs also reached US$278 million. These data show that institutional investors are increasingly interested in cryptocurrencies, and the inflow of funds from ETFs has provided more liquidity and stability to the market, so the correction in this round of bull market has been significantly lower than in previous rounds.

 

VI. Summary:

2024 is a year full of great opportunities for the crypto market. The strong performance of BTC and the growth of the total crypto market capitalization demonstrate the huge potential and diversity of the market. Of course, the volatility of the market cannot be ignored. We will continue to provide you with timely market analysis and data support to help you make wise decisions in a complex and changing market.

Let us join hands to welcome 2025 and look forward to the new surprises and opportunities that the crypto market will bring.

 

December 31, 2024