I just saw a CoinGecko report on the first quarter of 2026, and the crypto market situation is really heavy. Total market capitalization fell 20.4%, closing at $2.4 trillion—nearly 45% below the October 2025 peak. Bitcoin retreated 22%, tracking the stock market, while spot volume on CEXs plunged 39.1% to $2.7 trillion.



What stood out in the report is that oil was the big highlight, rising 76.9%, while stablecoins stayed steady at $309.9 billion. Solana continues to dominate DEXs with 30.6% of spot volume, and there’s an interesting crowd—commodity traders now make up around 30% of open contracts on Hyperliquid.

Maço was particularly weak, with monthly volume dropping to just $800 billion. It really seems like we’re in a longer crypto winter. CoinGecko data shows that this contraction is pretty widespread.
BTC-0.42%
SOL1.11%
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