ā The most significant crypto market events and trends from the 2nd quarter of 2023.
10 Jul 2023, 11:20
šØāš» The most significant crypto market events and trends from the 2nd quarter of 2023.
Read on for the latest market intelligence and an in-depth report on the current state of the cryptocurrency world - Crypto Market Recap Q2, 2023 from CryptoRank.
š Briefly the most interesting:
ā Bitcoin posted significantly higher returns than classic financial instruments.
ā The second quarter was like a rollercoaster ride for the cryptocurrency market, with a decline in April, followed by a rise in May, and a relatively quiet June. While June did bring some noteworthy events (and trading volumes did increase that month), the second quarter overall saw a decline in trading volume, reaching its lowest value in over two years.
ā Decentralized exchanges (DEXs) have fared slightly better, showing just a little decline. With Binance and Coinbase encountering issues, there is a gradual shift of users towards DEXs. This trend was observed after the FTX collapse.
ā The first half of 2023 has seen a recovery in the token sales market.
ā Amid regulatory challenges, many funds are considering relocating their business to more favorable jurisdictions. It is worth noting that the crypto startup raises in the Asian market (through private funding rounds) showed the highest growth over the last 3 months compared to other countries.
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