Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Q3 Reports:Bitcoin Outperformed All Assets Except USD Index

Admin by Admin
October 25, 2022
in Crypto News
0
Q3 reports:bitcoin outperformed all assets except USD index
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

As the crypto market largely consolidated as it went sideways throughout Q3, Bitcoin only dipped 1% QoQ which was better than all other major assets with the exception of the US Dollar Index.

Coingecko published its Q3 2022 cryptocurrency report last week. It also highlighted how crypto markets ended Q3 slightly up on the previous quarter.

However, in spite of Bitcoin’s stronger showing in the quarter, the number one cryptocurrency was still 58% down YT. Which makes it the worst performing asset over the year time frame.

Most other cryptocurrencies fared even worse as they performed poorly against the USD. The Ethereum merge turned out to be a bit of a damp squib as initial gains almost reached the $2,000 price point before selling off some days before the event.

Stablecoins gave a relatively muted performance according to the Coingecko report, with the market cap of the top 15 stablecoins performing in a similar vein to that of Q2, as they lost 3% in value, or $4.7 billion in absolute terms.

The sanctioning of Tornado Cash played a part as US-base Circle froze the USDC in the sanctioned Tornado Cash addresses. USDC’s market cap dropped around 16%, or $9 billion QoQ during this episode.

Market capitalisation for all DeFi sectors in Q3 grew by 31% QoQ. DEXs strengthened as the largest sector in DeFi, and grew their market capitalisation by 37% QoQ, amounting to $10.9 billion.

The liquid staking sector was extremely successful as it grew by 272% QoQ, reaching a market capitalisation of $1.54 billion in Q3, which gave it a share of 6.3% in the DeFi sector.

With a fall in total NFT trading volume of 71% QoQ, the NFT market appears to be suffering the worst. The sharp downwards trend on the top 5 NFT markets of OpenSea, Magic Eden, LooksRare, X2Y2, and CryptoPunks, might seem even worse when wash trading is taken into account.

The report points the finger at X2Y2 and LooksRare in this regard, and states that according to September data 87% of LooksRare’s volume, and 85% of X2Y2’s volume potentially came from wash trading.

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: CryptoQ3 reportUSD
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Twitter Reportedly Working On Cryptocurrency Wallet

Next Post

GBP/USD clings to modest daily gains above 1.1300

Admin

Admin

Next Post
gbp usd

GBP/USD clings to modest daily gains above 1.1300

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
Bahrain Real Estate Company Starts Accepting Crypto Payments

Bahrain Real Estate Company Starts Accepting Crypto Payments

January 27, 2023
Industry Body Clarifies What Happens When Crypto Derivatives Crash

Industry Body Clarifies What Happens When Crypto Derivatives Crash

January 27, 2023
CFTC Pushes For Additional Crypto Acquisition Reviews

CFTC Pushes For Additional Crypto Acquisition Reviews

January 27, 2023
SBF Immediate Family Is Set To Be Questioned About The Financial Gains They Made From FTX

SBF Immediate Family Is Set To Be Questioned About The Financial Gains They Made From FTX

January 27, 2023

Recent News

Bahrain Real Estate Company Starts Accepting Crypto Payments

Bahrain Real Estate Company Starts Accepting Crypto Payments

January 27, 2023
Industry Body Clarifies What Happens When Crypto Derivatives Crash

Industry Body Clarifies What Happens When Crypto Derivatives Crash

January 27, 2023
CFTC Pushes For Additional Crypto Acquisition Reviews

CFTC Pushes For Additional Crypto Acquisition Reviews

January 27, 2023
SBF Immediate Family Is Set To Be Questioned About The Financial Gains They Made From FTX

SBF Immediate Family Is Set To Be Questioned About The Financial Gains They Made From FTX

January 27, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

Bahrain Real Estate Company Starts Accepting Crypto Payments

Bahrain Real Estate Company Starts Accepting Crypto Payments

January 27, 2023
Industry Body Clarifies What Happens When Crypto Derivatives Crash

Industry Body Clarifies What Happens When Crypto Derivatives Crash

January 27, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>