CoinGecko's Q1 report has been released, and the crypto market doesn't look very promising. Total market capitalization has dropped by more than 20% and is currently at the 2.4 trillion dollar level. But the interesting part is that not every asset has been affected in the same way—crude oil has surged by a crazy 76%, while Bitcoin is down 22% alongside stocks.



Spot trading volume on centralized exchanges has also fallen significantly—with a 39% decline. In March, it even hit a monthly record low of 0.8 trillion dollars. On the stablecoin side, things have changed too: the USDT supply began decreasing for the first time since 2022.

On the Solana side, it accounts for 30% of trading volume on decentralized exchanges. At Hyperliquid, about one-third of open positions come from demand for oil trading. According to CoinGecko's data, the market now looks like it's in a “winter” phase—down 45% from the latest October peak.
BTC-1.57%
SOL-2.92%
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