|
According to CoinGecko data, in 2023, the total market value of the cryptocurrency ecosystem more than doubled, increasing by 108% from the beginning of the year's $832 billion. The majority of the growth occurred in the fourth quarter, driven by the growing optimism surrounding the potential approval of spot Bitcoin ETFs, leading to the market value rising from $11 trillion to over $17 trillion. Additionally, the cryptocurrency market's trading volume in 2023 reached $36.6 trillion, with the most significant growth observed in the fourth quarter, increasing from $6.7 trillion in the third quarter to $10.3 trillion, representing a 53.1% increase. |
|