Following a strong 2023, total crypto market capitalization continued its climb in the first half of 2024, ending the period at about US$2.27T, representing a 37.3% growth year-to-date. The gains were front-loaded in the first quarter of the year, which saw a significant 60.2% increase. The second quarter was relatively more challenging, as the crypto market reversed some of the gains and fell by 14.3%.