However, according to JPMorgan’s research report on Tuesday, the growth rate of the crypto ecosystem slowed down in January and the total trade volume decreased by 24 %.

Based on the information obtained from tradingView data, the increase in market value is concentrated on large digital assets such as Bitcoin (BTC), Solana (left) and XRP. However, when we look at the market in general, it was stated that there was a widespread decrease in the average daily trade volume (ADV).

JPMorgan analysts made assessments on the effects of the US elections in the 2024 on the market and said, “The elections were definitely a catalyst and the trading levels and token prices were balanced in the post -election period”.

The twice the market levels before the US elections were doubled as a large turning point.

Although the market value increased in the post -elections period, it was observed that the trade volume did not increase so much. The analyst’s report predicted that the process of finding this balance will take longer and the market may require an additional time for a new balance.

In the crypto ecosystem, large token, such as Bitcoin, came to the fore, while the decentralized finance (defi) and non-fungible token (NFT) sectors reported a greater decrease.

Performance decreases for Defi and NFT projects adversely affected many meters in the sector. This led crypto investors to review the investment decisions, especially in these areas.

JPMorgan’s research report states that despite these negative developments, a new regulatory mobility in the crypto market has begun.

The new crypto task force established under the Trump administration is considered an important regulation step in the market.

In addition, the abolition of the accounting rule called SAB 121, which has previously led to controversy, was also recorded as an important development.

It is stated that these changes are important steps in order to provide more transparency in the crypto sector and to clarify the regulations.

According to JPMorgan’s report, the effects of the decline in defi and NFT sectors are more pronounced.

In particular, the NFT market has experienced a major decrease compared to previous months, which shows that investor interest in NFTs has decreased. Defi projects seem to have lost the attention of investors during this period.

In summary, the crypto market entered a balancing process after the elections in 2024, which created an environment in which different digital assets and sectors react at different speeds. For the time being, the market has gained a positive momentum in large token, such as Bitcoin and Solana, while performance decreases are observed in other sectors such as Defi and NFT.

However, the effect of regulatory changes in the sector and how new developments will have an impact on the market are carefully monitored by investors and sector professionals.