Coin

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li>The global cryptocurrency market cap surged to $2.12 trillion, a 151% increase from 2022.</li> 
 <li>The introduction of spot ETFs in the U.S. has boosted institutional adoption of digital assets.</li> 
 <li>MicroStrategy shares rose by 325% in the past year, highlighting its growth in the blockchain space.</li> 
</ul> 
The cryptocurrency market has recovered significantly since the FTX exchange collapse in 2022. A recent report by Canaccord revealed the crypto industry has grown over the past year, driven by increased global adoption of digital assets. 
On November 11, 2022, FTX filed for bankruptcy Chapter 11 following a report revealing fraudulent balance sheet computations. Afterward, the exchange experienced massive asset liquidation, ushering in the crypto winter and the worst bear market in history. 
Market commentators led by Joseph Vafi explained that the crypto industry has progressed from a post-FTX consolidation and recovery phase over the past year. They added that the current phase centers on growth, expanding business models, and total addressable markets (TAM).&nbsp; 
“With digital assets hovering near all-time highs, some incremental logjam beak on the regulatory front, good b…
The post <a href="https://coinedition.com/crypto-market-cap-soars-us-etfs-spark-growth/">Crypto Market Cap Soars: US ETFs Spark Growth</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Market Cap Soars: US ETFs Spark Growth

Coin Edition

Other articles published on Aug 29, 2024

Donald Trump vows to turn America into the “crypto capital of the planet”

Scammers Employ Inferno Drainer to Steal Crypto Assets

China Recognizes "Virtual Asset" Transactions in New AML Law Interpretation Amid Crypto Unban Rumors

Crypto markets show caution with major put skews in Bitcoin and Ether

BlockDAG's Latest Team Video: Why 120K Holders Believe It's the Next Big Thing in Crypto—Can It S...

Crypto.com Launches Fiat Services in Partnership with Standard Chartered Bank

Join our free newsletter for daily crypto updates!