As you know I’m a huge fan of reports, and I’m also a huge fan of looking at crypto prices on websites like CoinGecko. So, when I heard that CoinGecko had published their report about the crypto market for the second quarter of this year, I could help but cover it!
Not surprisingly, Q2 was one of the bloodiest that crypto has ever seen. Macro factors like interest rate hikes and crypto specific factors like Terra’s collapse caused the entire crypto market to crash by a whopping 55%, with sectors like DeFi seeing close to 75% losses.
What is surprising is that other metrics are looking surprisingly good. For example, Bitcoin’s hash rate is still close to it’s highs, trading volume is about the same as what it was in the first quarter of this year, and even the number of DeFi users only declined by about a third (which, given the circumstances, is not that bad).
If you’re wondering what this could all mean for the crypto market going forward, you’ll have to stick around until the end for my exclusive analysis!
⛓️ 🔗 Useful Links 🔗 ⛓️
► CoinGecko Q2 Report Full: https://www.coingecko.com/learn/q2-20…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.