{"id":12308,"date":"2021-10-16T01:15:46","date_gmt":"2021-10-16T00:15:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=12308"},"modified":"2021-10-16T01:15:55","modified_gmt":"2021-10-16T00:15:55","slug":"new-report-shows-q3-saw-a-significant-crypto-market-recovery-from-may-crash","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/new-report-shows-q3-saw-a-significant-crypto-market-recovery-from-may-crash\/","title":{"rendered":"New report shows Q3 saw a significant crypto market recovery from May crash"},"content":{"rendered":"\n
CoinGecko, a cryptocurrency data aggregator<\/a>, has issued its Q3 2021 report, which shows tremendous advances in a variety of crypto market sectors despite various anti-crypto regulatory policies.<\/h5>\n\n\n\n
\"New<\/figure>\n\n\n\n

Following the May market crisis, the crypto space entered\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Q3 at a low ebb, with market capitalization falling below $1.2 trillion in late July, less than half of the $2.5 trillion all-time high reached only two months previous.<\/p>\n\n\n\n

Market capitalization did, however, recover in Q3, reaching $2.3 trillion in early September.<\/p>\n\n\n\n

Bitcoin (BTC), gaming “coins,” and nonfungible tokens (NFTs) dominated the crypto market area in Q3, according to the CoinGecko research.<\/p>\n\n\n\n

Between Q2 and Q3, Bitcoin increased by 25%, and it has continued on this upward trend, reaching $60,000 for the first time in five months.<\/p>\n\n\n\n

In Q3, the network's hash rate increased, indicating a comeback from China's massive crackdown<\/a>, which prompted miners to flee outside.<\/p>\n\n\n\n

Axie Infinity (AXS), Illuvium (ILV), and Gala (GALA), among other gaming tokens, as well as the NFT market in general, had tremendous gains in Q3.<\/p>\n\n\n\n

AXS, in particular, has returned about 1,000 percent year over year, with a 2021 performance of 13,700 percent.<\/p>\n\n\n\n

OpenSea maintained its market-leading position in terms of NFT trading volume. According to the CoinGecko study, OpenSea and Rarible had a combined trading volume of around $6.8 billion in Q3.<\/p>\n\n\n\n

These large market gains were also accompanied by a barrage of regulatory concerns about cryptocurrencies. Policymakers in the United States appear to have exerted pressure by calling for tougher regulations governing market segments such as stablecoins<\/a>.<\/p>\n\n\n\n

Despite gradual advances in Q3, the crypto market is still a long way from the levels of activity seen before the May meltdown.<\/p>\n\n\n\n

For example, according to CoinGecko, spot trading volume on the largest controlled and decentralized exchanges fell by more than 42 percent in Q3.<\/p>\n","protected":false},"excerpt":{"rendered":"

CoinGecko, a cryptocurrency data aggregator, has issued its Q3 2021 report, which shows tremendous advances in a variety of crypto market sectors despite various anti-crypto regulatory policies. Following the May market crisis, the crypto space entered Q3 at a low ebb, with market capitalization falling below $1.2 trillion in late July, less than half of […]<\/p>\n","protected":false},"author":12,"featured_media":12314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[1139,776,5129],"class_list":["post-12308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-analysis","tag-crypto-market","tag-q3"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/New-report-shows-Q3-saw-a-significant-crypto-market-recovery-from-May-crash.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=12308"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/12308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/12314"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=12308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=12308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=12308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}