Summary
- JP Morgan reported that the cryptocurrency market cap in November rose by about 45%, reaching $3.3 trillion.
- The overall trading volume of the cryptocurrency market more than doubled compared to the previous month.
- It was explained that the cryptocurrency ecosystem is becoming more structured around Bitcoin.
According to cryptocurrency-focused media CoinDesk on the 9th (local time), JP Morgan reported that "the total market capitalization of cryptocurrencies rose by about 45% in November, reaching $3.3 trillion, marking the highest monthly growth rate in 2024."
It continued, "The overall trading volume of the cryptocurrency market also more than doubled compared to the previous month," adding, "On the other hand, NFT trading volume showed a decline. The total assets under management and trading volume of Bitcoin (BTC) ETP also increased significantly, indicating that the cryptocurrency ecosystem is becoming more structured around Bitcoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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