The early months of 2023 saw something anomalous happen: as the crypto market went up, stablecoins went down.
Usually, stablecoins grow along with crypto markets, so it is at least curious that the growth of crypto markets in 2023 was not accompanied by growth in stablecoins, which instead actually lost ground.
The growth of crypto markets in 2023
According to CoinGecko data, at the end of 2022 the crypto market as a whole capitalized about $828 billion, while it has now risen above $1,168 billion. Moreover, in mid-April it also surpassed 1.3 trillion, only to retrace somewhat in recent weeks.
These are significantly lower than the all-time peak at nearly $3 trillion in November 2021, but still well above the $400 billion just before the start of the last big bull run.
Incidentally, these are figures that also include the market capitalization of stablecoins.
So as of late 2020, with the start of the last big bull run, the crypto market went from about $400 billion to about
We współpracy z: https://en.cryptonomist.ch/2023/05/22/crypto-market-stablecoins-declining-2023/
