"Major Crypto Companies' Market Cap Growth in January Surpasses Overall Market Growth"

JH Kim

Summary

JP Morgan announced that the market capitalization of publicly listed crypto companies increased by 14% in January.
During the same period, the overall growth rate of the crypto market was only 8%.
It was analyzed that changes in the U.S. regulatory environment contributed to the rise in market capitalization of crypto companies.

According to crypto-specialized media Decrypt on the 11th (local time), JP Morgan announced in a report that the market capitalization growth rate of publicly listed crypto companies in January outpaced the overall growth rate of the crypto market.

In January, the total market capitalization of publicly listed crypto companies tracked by JP Morgan (such as Coinbase, Marathon, Riot) increased by 14%. In contrast, the overall market capitalization of the crypto market during the same period only grew by about 8%.

The media analyzed this by stating, "The expectation that a regulatory environment would be established under the administration of U.S. President Donald Trump drove the rise in market capitalization of crypto companies."

Furthermore, it explained, "In January, SEC Chairman Gary Gensler resigned, and SAB121, which blocked banks from holding crypto assets, was officially repealed," adding, "Additionally, the SEC established a crypto task force (TF)."