In December 2024, the cryptocurrency market experienced a surge, reaching an all-time high market cap of $3.91 trillion. Bitcoin led the charge, hitting a record price of $108,000, driven by regulatory optimism and increasing institutional adoption. However, the market lost steam when the Federal Reserve announced a reduction in planned rate cuts, triggering a sharp market correction. TRX and BNB were among the top gainers, while DOGE, SOL, and XRP experienced losses. In the DeFi sector, total value locked (TVL) declined, but real-world asset (RWA) platforms and Sui's DeFi ecosystem saw substantial growth. The NFT market saw a surge in sales volume, with Ethereum-based NFTs leading the way. Binance Research provides insights on upcoming events and trends in the blockchain space for January 2025.



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