2024_01

January 2024 Monthly Cryptocurrency Report

1. Recent Cryptocurrency Prices

• Bitcoin (BTC): 102,378.00 USD

• Ethereum (ETH): 3,218.67 USD

• Binance Coin (BNB): 689.94 USD

• XRP: 3.14 USD

• Cardano (ADA): 0.9648 USD

2. Major News

• Bitcoin Spot ETF Approval: The U.S. Securities and Exchange Commission (SEC) approved a Bitcoin spot ETF, marking a significant milestone for institutional investors' participation in the Bitcoin market.

• Dogecoin Surge: Dogecoin surged by over 350%, rising from $0.081 in January to $0.466 in December 2024.

• Ripple Surge: Ripple (XRP) saw a 350% increase since the 2024 election, becoming the third-largest cryptocurrency by market capitalization.

3. Major Project Updates

• Hedera DeFi Ecosystem Expansion: Hedera’s total value locked (TVL) in its DeFi ecosystem has reached over $200 million.

• Stader and SaucerSwap: Several DeFi projects, including Stader and SaucerSwap, have revived and contributed positively to the market.

4. Market Outlook

The cryptocurrency market in January 2024 experienced unprecedented growth, driven by Bitcoin’s 160% surge and impressive rebounds from altcoins.