Crypto market cap soars over 97% in 2024, CoinGecko reports

In its "2024 Annual Crypto Industry Report," crypto data platform CoinGecko revealed a 45.7% surge in the total crypto market cap during Q4 2024, marking a 97.7% year-on-year increase. Bitcoin’s dominance, reflecting its share of the total crypto market cap, reached 53.6%. Notably, Bitcoin outperformed all major asset classes in both annual and Q4 price gains. The report also highlighted a 111.7% rise in spot trading volumes on centralized exchanges in Q4, totaling $6.45 trillion.