The growth of the cryptographic ecosystem was slowed in January, with the total negotiation volume falling 24%, said Wall Street Bank JPMorgan (JPM) in a research report on Tuesday citing commercial vision data.
Even so, the activity is twice the level before the US elections in November and the total market cover increased by 8% to approximately $ 3.4 billion, according to the report. The growth of the market lid concentrated on Bitcoin (BTC), Solana (Sol) and XRP, while “the decreases in the average daily volume (ADV) were wide -based throughout the ecosystem,” said the bank.
“We believe that the choice was a safe catalyst, and the activity and the price levels of the file are finding their balance in the period after the election,” the analysts led by Kenneth Worthington wrote.
Decentralized finances (defi) and non -fungible tokens (NFT) were worse monthly, the report said, with greater deterioration in a series of metrics.
There have been some progress on the regulatory front.
The new Trump administration established a new cryptographic working group and SAB 121, A controversial accounting rule was rescinded, JPMorgan said.
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