The growth of cryptographic ecosystems slowed down in January, with a total volume of negotiation down 24%, the Wall Street Bank JPMorgan (JPM) said on Tuesday in a research report citing tradingView data.
However, activity is double the level before the US elections in November and total market capitalization increased by 8% to around 3.4 billions of dollars, according to the report. The growth in market capitalization has been concentrated in Bitcoin (BTC), Solana (soil) and XRP, while “the decrease in the average daily volume (ADV) was wide throughout the ecosystem,” said the bank.
“We believe that the election was a catalyst for sure, and the levels of activity and token prices find their balance in the post-electoral period,” wrote analysts led by Kenneth Worthington.
Decentralized (DEFI) and non -Butins (NFTS) finance tokens have succeeded less well on a monthly basis, the report declared, with greater deterioration in a certain number of metrics.
There has been progress on the regulatory front.
The new Trump administration has created a new Crypto and Sab 121 working group,, A controversial accounting rule has been canceled, said JPMorgan.
Find out more: the actions-to-sypto relationship is likely to weaken in the long term, said Citi
