On the last day of 2024, reflecting on the magnificent bull market of the entire year in the cryptocurrency market, we are also filled with expectations for 2025. Here is our annual summary of the cryptocurrency market data for 2024.

 

One, #BTC Annual price trend:

In 2024, BTC experienced significant fluctuations, with an annual increase of up to 119.21% from the beginning to the end of the year. The highest point reached $108,366.8, while the lowest point fell to $38,545. This year showed a clear bullish trend but was also full of uncertainties and changing investor sentiments: the overall long-short ratio fluctuated between 0.9 and 1.1, indicating a subtle balance between bullish and bearish sentiment among market participants. The annual Fear and Greed Index experienced extreme volatility, with a minimum drop to around 17, indicating extreme panic, and a maximum rise to around 94, indicating extreme greed, with market sentiment undergoing very extreme fluctuations at different stages.

 

Two, #加密货币 Market capitalization:

As of December 31, 2024, the total market capitalization of cryptocurrencies reached $3.23 trillion, nearly doubling from $1.65 trillion at the end of last year. This is thanks to the strong performance of Bitcoin and the stable development of other cryptocurrencies. This bull market has been influenced by many factors, mainly the narrative of spot ETFs, BTC mining reward halving, the popularity of Trump trading, and the favorable expectations of this round of Federal Reserve interest rate cuts. Looking at the market capitalization trend chart since the end of 2018, although the market has experienced several significant corrections, the overall trend remains upward.

 

Three, component ratio on December 31, 2024:

#coinank Data shows that in terms of market capitalization composition, #比特币 leads with a significant share of 62.43%, with a market capitalization of $1.82 trillion. Ethereum follows closely with a share of 13.73% and a market capitalization of $402.38 billion. 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 seen the largest increase since the November U.S. elections, returning to the top three in market capitalization. Meanwhile, MEME, AI, and RWA have been popular conceptual sectors throughout the year.

 

Four, #爆仓数据 in 2024:

In 2024, the total liquidation value across the network reached an astonishing $86.069 billion, with the number of liquidations hitting 28.5202 million. The largest single liquidation value was $7.55048 million. The cryptocurrency market presents both high risks and high rewards, and we need to proceed with caution during contract trading to avoid becoming part of this data.

 

Five, 2024 ETF data:

In terms of spot ETFs, total inflows for the U.S. BTC spot ETF reached $34.363 billion, and total inflows for the U.S. ETH spot ETF reached $2.621 billion. The Hong Kong BTC spot ETF also saw total inflows of $278 million. These data indicate that institutional investors' interest in cryptocurrencies is growing, and the inflow of funds into ETFs provides more liquidity and stability to the market. Therefore, the correction in this round of bull market has significantly decreased compared to previous rounds.

 

Six, summary:

2024 is a year full of great opportunities for the cryptocurrency market. The strong performance of BTC and the growth of the total market value of cryptocurrencies showcase the market's tremendous potential and rich diversity. Of course, the volatility of the market cannot be ignored. We will continue to provide timely market analysis and data support to help everyone make informed decisions in this complex and ever-changing market.

Let us join hands to welcome 2025, looking forward to new surprises and opportunities in the cryptocurrency market.

 

December 31, 2024