According to a report titled (Market Insights for January 2025) released by Binance Research, the global cryptocurrency market capitalization briefly surpassed its historical high in December 2024, reaching $3.91 trillion, driven by optimistic regulatory sentiment, accelerated institutional adoption, and Bitcoin prices hitting a new high of $108,000. However, as the Federal Reserve reduced its interest rate cut plans for 2025 from four times to two, the market experienced a correction at the end of December, with total market capitalization evaporating by over $0.5 trillion. For the year, Bitcoin's market capitalization increased by approximately 123.4%, making it the seventh-largest asset globally, trailing only Nvidia and surpassing Saudi Aramco and silver. Its growth momentum came from the approval of spot ETFs, Bitcoin halving, changes in monetary policy, and regulatory expectations supporting the cryptocurrency industry. Additionally, the decentralized trading sector performed exceptionally well, with spot trading volume and perpetual contract trading volume reaching historical highs of $326 billion and $356 billion, respectively, marking a year-on-year increase of 370%, with Hyperliquid playing a key role in driving this growth. The DeFi market also set a record for total value locked (TVL), with lending protocols and liquid staking protocols reaching $55 billion and $71 billion, respectively. Meanwhile, AI agents have emerged as a new hotspot in the cryptocurrency industry, with the total market capitalization of related tokens reaching billions of dollars and daily exposure peaking at 100,000 times, indicating that this field may witness rapid development in 2025.
