Looking at the latest report from CoinGecko and understanding that this quarter has been tough for the crypto market. In the first quarter, the market capitalization decreased by 20.4%, falling to $2.4 trillion. We are now 45% below the peak of October last year. It truly feels like a long winter.



Bitcoin has fallen 22% this quarter, aligning with the stock market. However, what I’ve noticed is that the spot trading volume on centralized exchanges has decreased by 39%, reaching $2.7 trillion. It has touched a monthly low of $0.8 trillion. The supply of USDT is also decreasing for the first time since the second quarter of 2022.

On DEX, Solana still holds the top share at 30.6%. But overall, the market has remained quite calm during this period. I am waiting for the next rally.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin