The crypto market has continued pushing higher in the first half of 2024, building on the gains made in 2023. The total market cap now stands at around $2.27 trillion—a solid 37.3% growth year-to-date.
From a numbers standpoint, most of these gains were packed into the first quarter with a massive 60.2% increase. The second quarter was a bit rougher, with the market giving back some gains and dropping by 14.3%.
Comparing the performance to traditional assets, and have been the top performers, with returns of 48% and 43%, respectively, year-to-date.
“Bitcoin’s potential diversification benefits and strong performance compared to a purely traditional finance portfolio are evident,” Binance Research analysts pointed out in their H1 report.
Layer-1s (L1s) started the year strong. Bitcoin continued to gain market dominance following its fourth Halving, the launch of the Runes Protocol, and the approval…
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