Market Overview
According to the latest data from Dedao Institute, the global cryptocurrency market cap reached **$1.76 trillion** (≈17,617B USD) as of December 24, 2023, marking a **6.50% increase** (≈$107.5B) from the previous week. Among 11,709 listed cryptocurrencies:
- BTC rose 4.70% ($41,906 → $43,877)
- ETH gained 4.55% ($2,215 → $2,316)
- BNB surged 11.98% ($241 → $270)
- SOL outperformed with a 60.68% jump ($72 → $116)
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Key Market Movements
TOP 30 Performance
- Combined market cap: $1.54T (87.38% of total)
- Weekly change: -0.43%
| Rank | Asset | Market Cap | TOP30 Share | Weekly Change |
|---|---|---|---|---|
| 1 | BTC | $859B | 55.81% | ↓0.66% |
| 2 | ETH | $278B | 18.08% | ↓0.25% |
| 3 | USDT | $91B | 5.93% | ↓0.32% |
Sector Distribution
- Public Chains: 76.57%
- Stablecoins: 7.97%
Weekly Highlights
Industry Developments
- FTX proposed a bankruptcy exit plan without confirming platform revival
- BC Tech Group rebranding to "OSL Group Limited"
- Bitcoin L2 BSquared Network launched Alpha testnet
Investments
- GoDID: $30M valuation funding round
- OneDegree: ~$100M total funding after Dubai Insurance investment
- Nexon: $100M investment in MapleStory Web3 project
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Policy Updates
- China Guangdong Court: Ruled crypto-based FX trading as illegal
- US: Binance-CFTC settlement approved
- Brazil: Central Bank seeks public input on VASP regulations
- Indonesia: VP candidate pledged crypto talent development
FAQ
Q: Why did SOL outperform other major cryptos?
A: SOL's 60% surge likely reflects renewed developer activity and NFT market growth on Solana.
Q: How does USDT maintain stablecoin dominance?
A: With $91B market cap, USDT benefits from first-mover advantage and widespread exchange integrations.
Q: What's driving institutional crypto interest?
A: Clearer regulations (like Brazil's VASP rules) and mature infrastructure (e.g., OSL rebrand) boost confidence.
Data represents snapshot as of December 24, 2023. All values USD-denominated.