CoinGecko Report: Crypto Market Capitalization Grows by 64.5% in Q1

Experts at CoinGecko recently released a report on the crypto market’s performance in the first quarter of the year, highlighting a significant increase in sector capitalization.

Key Highlights:

– The crypto market experienced a 64.5% growth in capitalization during the first quarter.
– Total capitalization reached $2.9 trillion in March, representing a $1.1 trillion increase from the previous quarter.
– U.S. Spot Bitcoin ETFs assets under management (AUM) surged to $55.1 billion.
– Grayscale Bitcoin Trust ETF (GBTC) remains a dominant player, but iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) are closing the gap.
– Bitcoin saw a 68.8% growth in the past quarter, hitting an all-time high.

The report also noted that despite a slowdown in capital inflows into Bitcoin ETFs at the end of March, the overall market continued to show positive momentum. Since January, Bitcoin exchange-traded funds have attracted over $12 billion in investments.

In a related development, Binance Research reported a 16.3% increase in market capitalization within just a month, underscoring the growing interest in the cryptocurrency market.

This data indicates a promising start to the year for investors in the cryptocurrency space, with notable gains and increasing capital inflows into Bitcoin-related assets.

For more insights on the latest developments in the crypto market, stay tuned to Global Crypto News.

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