PANews reported on July 16 that according to the 2024 Q2 Crypto Industry Report released by Coingecko, after almost breaking the all-time high in the first quarter of 2024, the total crypto market value fell back by 14.4% in the second quarter, closing at $2.43 trillion in June. The following are the main highlights of the report:
1. The total crypto market capitalization fell 14.4% in the second quarter of 2024, while the S&P 500 rose 3.9%.
2. Bitcoin fell 11.9% in the second quarter of 2024, fluctuating between $58,000 and $72,000.
3. Bitcoin’s miner computing power fell 18.8% in the second quarter of 2024, the first quarterly decline since the second quarter of 2022.
4. Meme Coin, Artificial Intelligence, and Real World Assets (RWA) became the most popular categories in the second quarter of 2024, with the top 15 categories accounting for 77.5% of network traffic.
5. Ethereum added 120,818 ETH to its supply in Q2 as network activity slowed and the burn rate decreased.
6. The spot trading volume of centralized exchanges reached $3.40 trillion in the second quarter of 2024, a decrease of 12.2% from the previous quarter.
7. Spot trading volume on decentralized exchanges increased by 15.7% to $370.7 billion, mainly due to a surge in Meme Coin and airdrop activities.
