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<ul class="news-points"> 
 <li>Research shows a 109% increase in the crypto sector valuation in 2023, driven by Q1 and Q4 gains.</li> 
 <li>Non-fungible tokens volumes rebounded, generating $1.7 billion in December.</li> 
 <li>1,173 projects secured $9 billion in investment in 2023, with infrastructural projects taking the largest share.</li> 
</ul> 
Leading cryptocurrency exchange Binance has released a <a href="https://www.binance.com/en/research/analysis/full-year-2023-and-themes-for-2024" target="_blank" rel="nofollow">research report</a> on the crypto market, highlighting the developmental increase recorded in 2023 and the projection for the market in 2024. 
According to the research, the crypto sector valuation increased by 109%, with significant gains recorded in the first and last quarters of 2023. The report attributed the surge in Q4 to the optimistic drive surrounding the now-approved Bitcoin spot ETF and the <a href="https://coinedition.com/crypto-users-bullish-on-the-forthcoming-bitcoin-halving/">upcoming Bitcoin halving</a>. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="840" height="436" src="https://coinedition.com/wp-content/uploads/2024/01/565655.png" alt="" class="wp-image-363236" srcset="https://coinedition.com/wp-content/uploads/2024/01/565655.png 840w, https://coinedition.com/wp-content/uploads/2024/01/565655-300x156.png 300w, https://coinedition.com/wp-content/uploads/2024/01/565655-380x197.png 380w, https://coinedition.com/wp-content/uploads/2024/01/565655-768x399.png 768w, https://coinedition.com/wp-content/uploads/2024/01/565655-159x83.png 159w, https://coinedition.com/wp-content/uploads/2024/01/565655-795x413.png 795w, https://coinedition.com/wp-content/uploads/2024/01/565655-440x228.png 440w, https://coinedition.com/wp-content/uploads/2024/01/565655-414x215.png 414w, https://coinedition.com/wp-content/uploads/2024/01/565655-318x165.png 318w, https://coinedition.com/wp-content/uploads/2024/01/565655-377x196.png 377w, https://coinedition.com/wp-content/uploads/2024/01/565655-123x64.png 123w, https://coinedition.com/wp-content/uploads/2024/01/565655-129x67.png 129w" sizes="(max-width: 840px) 100vw, 840px">
 <figcaption class="wp-element-caption">
 (Q1 and Q4 uptick in crypto valuation | Binance research)
 </figcaption>
</figure> 
The report noted that the gains recorded for early and late 2023 starkly contrasted with the values for 2022, where the market experienced a downturn of approximately 64%. This decline was fueled by a series of destabilizing events, including the de-pegging of TerraUSD (UST), the bankruptcies of various lending institutions, and the repercussi…
The post <a href="https://coinedition.com/crypto-market-bounces-back-109-gain-driven-by-bitcoin-and-etfs/">Crypto Market Bounces Back: 109% Gain Driven by Bitcoin and ETFS</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Market Bounces Back: 109% Gain Driven by Bitcoin and ETFS

Coin Edition

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