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Chinese Financial Researcher: Cryptocurrency has greatly changed, its market value is equivalent to 35% of the Chinese stock market

Chinese Financial Researcher: Cryptocurrency has greatly changed, its market value is equivalent to 35% of the Chinese stock market

Bitget2025/01/05 10:35
USDC+0.02%

According to the public account of China Finance 40 Forum, an article written by Zhong Yi from the China Finance 40 Research Institute titled "Cryptocurrency has 'changed dramatically'" pointed out that cryptocurrency development has so far derived at least three different types of characteristics. Based on design mechanisms and functions, private cryptocurrencies can mainly be divided into three categories: Store of Value Cryptocurrencies, Utility Tokens, and Stablecoin.

As of December 28th, 2024, CoinGecko website counted a total of 16,022 cryptocurrencies from around 1,200 global cryptocurrency exchanges. The total market value of all cryptocurrencies is approximately $3.43 trillion USD with a trading volume in the past 24 hours being about $165.3 billion USD. In terms of relative scale, this market value is equivalent to about 5% of the total US stock market value and about 35% that of China's stock market. However in early-2014 ,the global cryptocurrency market was only worth $10.6 billion USD; over ten years it achieved more than a growth rate exceeding by over300 times.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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