I just saw a CoinGecko report revealing that the cryptocurrency market in the first quarter of this year declined by 20.4%, down to $2.4 trillion, a drop of over 45% from the peak in October of last year. It seems the market has entered a long "winter" period.



What’s notable is that trading volume on exchanges decreased by 39%, down to $2.7 trillion. March was the strongest month in terms of activity, despite having the lowest monthly volume at $0.8 trillion. USDT also declined for the first time since 2022, to $309.9 billion.

Interestingly, Bitcoin fell 22% in line with the stock market, but crude oil surged by 76.9%. Meanwhile, Solana still accounts for 30.6% of trading volume on DEXs due to 24-hour trading options. The crypto market seems to be waiting for signals of a strong comeback.
SOL1.03%
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