Last week, the cryptocurrency market showed mixed performance, with Bitcoin rising by 1.6%, but the performance across sectors was highly divergent. The DePIN and gaming sectors led the gains, increasing by 13.1% and 12.6% respectively, achieving a significant rebound after a substantial annual decline. In contrast, the L2s and RWA sectors declined, falling by 2.67% and 0.84% respectively. ETF capital flows remained volatile, with a $417.8 million outflow on December 31 almost offsetting the $428.2 million inflow the previous day. Digital asset government bonds continued to be under pressure, with MSTR and BMNR trading at price-to-book ratios of 0.69x and 0.85x respectively.
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Last week, the cryptocurrency market showed mixed performance, with Bitcoin rising by 1.6%, but the performance across sectors was highly divergent. The DePIN and gaming sectors led the gains, increasing by 13.1% and 12.6% respectively, achieving a significant rebound after a substantial annual decline. In contrast, the L2s and RWA sectors declined, falling by 2.67% and 0.84% respectively. ETF capital flows remained volatile, with a $417.8 million outflow on December 31 almost offsetting the $428.2 million inflow the previous day. Digital asset government bonds continued to be under pressure, with MSTR and BMNR trading at price-to-book ratios of 0.69x and 0.85x respectively.