The Crypto Industry Saw A Moderate Recovery In The Third Quarter
According to CoinGecko, total market capitalization increased by 6.5% to $100 billion in the third quarter.
Bitcoin has also outperformed all asset classes, second only to the US dollar index.
The third quarter turned out to be sad for stablecoins. This is mainly due to the scrutiny of regulators and blocking mixers like Tornado Cash. After the ban, the volume of the stablecoin USDC fell by 16%.
The NFT sector also suffered this quarter, recording a new all-time low this year. Significant marketplaces recorded a drop in trading volume. The industry fell by 77%. However, the number of new NFT wallets increased by 1 million.
Leave a Reply