CoinGecko Report: Cryptocurrency Market Q1 Total Market Cap Drops Over 20%, Hyperliquid's Daily Trading Volume on Oil Contracts Once Surpassed Bitcoin

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ME News Report, April 16 (UTC+8), according to CoinGecko, the total cryptocurrency market capitalization in Q1 2026 decreased by 20.4% to $2.4 trillion, a decline of about 45% from the October 2025 peak. During the same period, the total stablecoin market cap remained roughly flat at $309.9 billion, with Tether USDT issuance dropping significantly for the first time since Q2 2022 by 1.6% to $184.1 billion, and Circle USDC growing 2.4% to $77.1 billion. Bitcoin prices fell 22% quarter-over-quarter, underperforming major US stock indices. Centralized exchange spot trading volume declined 39.1% quarter-over-quarter to $2.7 trillion; among decentralized exchanges, Solana maintained the largest share at 30.6%. Hyperliquid’s perpetual commodity contracts accounted for approximately 30% of the total open interest, with 24/7 oil contract trading volume temporarily surpassing the platform’s daily Bitcoin trading volume. (Source: PANews)

BTC0.24%
SOL4.46%
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