Ethereum

Bitcoin

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<p>CoinGecko, the go-to platform for crypto asset data, has just released its highly anticipated report on the crypto industry for the third quarter of 2024. This in-depth analysis reveals a resilient market in the face of high volatility, maintaining a global capitalization of about $2.3 trillion despite global economic turmoil.</p> 
<h2 id="h-bitcoin-consolide-sa-position-dominante">Bitcoin consolidates its dominant position</h2> 
<p>The CoinGecko report highlights the remarkable performance of Bitcoin, which has strengthened its dominance to reach 53.6% of the total <a href="https://www.cointribune.com/en/heres-why-the-price-of-bitcoin-could-explode-this-week/" target="_blank" rel="noreferrer noopener">crypto market</a> capitalization. This increase of 2.7% compared to the previous quarter came at the expense of major altcoins, notably Ethereum, whose market share fell to 13.4%.</p>
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<p>According to CoinGecko analysts, this shift in favor of Bitcoin is explained by its status as a safe haven within the crypto ecosystem, particularly attractive in uncertain economic contexts.</p> 
<p>Volatility was present throughout the quarter. After peaking at $2.61 trillion at the end of July, the market experienced a sharp drop in early August in response to global economic tensions.</p> 
<p>Monetary policy decisions, including the Fed’s status quo and the <a href="https://www.cointribune.com/en/if-japan-goes-bankrupt-the-world-will-tremble/" target="_blank" rel="noreferrer noopener">surprising rate hike in Japan</a>, played a key role in these fluctuations.</p> 
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<h2 id="h-un-ecosysteme-crypto-en-pleine-mutation">A rapidly changing crypto ecosystem</h2> 
<p>Beyond price fluctuations, the <a href="https://www.coingecko.com/research/publications/2024-q3-crypto-report" target="_blank" rel="noreferrer noopener">CoinGecko report</a> highlights major structural changes in the industry. Ethereum Layer 2 scaling solutions have experienced impressive growth, with a 17.2% increase in transactions, driven notably by the Base platform.</p> 
<p>Meanwhile, the trading volume on centralized platforms decreased by 14.8%, settling at $3.05 trillion. This decline contrasts with the spectacular rise of prediction markets, whose activity surged by 565.4%, driven by growing interest in the upcoming US elections.</p> 
<p>Thus, the crypto market remains dynamic and innovative, despite an <a href="https://www.cointribune.com/en/finance-elon-musk-predicts-an-imminent-collapse-of-the-usa/" target="_blank" rel="noreferrer noopener">uncertain economic context</a>. While volatility remains high, the resilience of the sector and the emergence of new uses hint at potential growth for the upcoming quarters.</p>

CoinGecko Exposes The Mutations Of The Crypto Market, Towards A New Cycle?

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