The cryptocurrency market is undergoing significant shifts, particularly in Latin America, where Bitso's report shows a 12% increase in its client base in 2024.
Increased Interest in Cryptocurrencies
According to Bitso's report, over 38% of users hold at least three cryptocurrencies, reflecting a shift in interest from traditional products to crypto. This is influenced by currency devaluation and stock market volatility.
Rising Popularity of XRP
XRP's price gained momentum following Donald Trump's historic victory, crossing the $1 mark. The number of XRP wallets and transaction volume grew significantly in 2023. CoinMarketCap data shows XRP's price increased by over 250% in the past year.
Market Prospects by the Week's End
The market capitalization is $2.68 trillion with 1.00% intraday growth. Improvement in the fear and greed index and a decline in bear activities suggest a move towards $3 trillion by the week's end.
The cryptocurrency market shows significant growth amid changing economic circumstances, with further trends hinging on overcoming key price thresholds.
