29 July 2024 – BingX, a prominent cryptocurrency exchange renowned for its user-focused approach and innovative trading solutions, has announced its sponsorship of CoinGecko’s Q2 2024 Market Report.
Vivien Lin, a spokesperson for BingX, stated, “BingX and CoinGecko are united by a shared mission: to empower the crypto community with transparent, accurate, and actionable data for making informed decisions. Our sponsorship of CoinGecko’s quarterly reports underscores our commitment to creating a trustworthy and transparent trading environment. We believe that informed decision-making is crucial for successful trading, and this report will equip users with the essential information needed to engage confidently in the market.”
CoinGecko’s Q2 2024 Market Report offers an in-depth analysis of the cryptocurrency landscape. The report highlights a 14.4% decline in total market capitalization, which fell by $408.8 billion to reach $2.43 trillion by the end of Q2 2024. The average trading volume also decreased by 16.9%, settling at $90.8 billion compared to Q1 2024. Despite these declines, Bitcoin (BTC) and Ethereum (ETH) continued to strengthen their market dominance, reflecting positive growth in the cryptocurrency sector. However, some major cryptocurrencies experienced significant losses, with Solana (SOL) showing the largest drop of 27.8%.
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