Crypto experienced a further decline in Q3, 2023. During the summer, there was a gradual cooling of the crypto market, with most assets losing value throughout the quarter. This decline was primarily attributed to difficulties in July. Notably, there was a significant decrease in trader interest, as evidenced by reduced trading volumes and volatility. Even high-profile news failed to stimulate the market and initiate a new trend.
The decrease in interest is indicative of one of the stages in market cycles, suggesting a possible transition toward the final stage of a bear market.
Key Takeaways
Markets are red, but it’s not as bad as it could be
The SEC continues resisting crypto ETFs
Friend.tech brings SocialFi back on wave
Telegram bots make on-chain trading simple
New point of growth for DeFi
Crypto fundraising keeps stagnating
On-chain picture remains optimistic
Market Review
The performance of the top-100 cryptocurrencies in Q3 was disappointing. Most coins traded in the red, but th
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