Crypto performance stats
Bitcoin had a market capitalization of $ billion as of February 21st, The global blockchain market will go up to $ billion by The highest. Interesting statistics ; Bitcoin (BTC) price. 19, USD ; Price of Ethereum (ETH). 1, USD ; Price of Litecoin (LTC). USD. Overall cryptocurrency market capitalization per week from July to September (in billion U.S. dollars). CRYPTOCURRENCY WALLET REDDIT
By region, the cryptocurrency market was dominated by Asia-Pacific in , and is expected to retain its position during the forecast period. Owing to increase in number of Bitcoin exchange across Asia, which bring a certain healthy competition and maturity to the cryptocurrency industry. Chinese banks are hiring blockchain experts as the government pushes the use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector.
These factors drive growth of the cryptocurrency market in the region. The report focuses on the growth prospects, restraints, and trends of the global crtyptocurrency market analysis. Cryptocurrency Market Your browser does not support the canvas element. Hardware segment accounted for the highest market share throughout the forecast period Get more information on this report : Request Sample Pages Segment Overview The cryptocurrency market is segmented on the basis of offering, process, type, end user and region.
By offering, it is fragmented into hardware, and software. Based on process, it is bifurcated into mining and transaction. By end user, it is classified into trading, retail and e-commerce, banking, and others. Transaction segment will grow at a highest CAGR of Bitcoin BTC segment will maintain the lead throughout the forecast period Get more information on this report : Request Sample Pages COVID Impact Analysis The COVID pandemic has a negative impact on the cryptocurrency market, owing to the level of stability in cryptocurrency has significantly diminished while the irregularity level significantly augmented and cryptocurrencies became more volatile, which is set to decline the demand for cryptocurrency during global health crisis.
Moreover, cryptocurrency exhibits a low level of regularity compared to international equity markets, which further declines the demand for cryptocurrency tremendously during the pandemic situation. Leading marketplace OpenSea has been the most affected as its share by market volume and number of users have declined severely since the beginning of the year.
This was primarily due to the general decline in the cryptocurrency market, which led many investors to move away from speculative asset classes. Stiff competition from marketplaces like Solana -based Magic Eden may have also played a part too.
For context, the aforementioned figures represent the lowest sales volume since July In addition to a drop in monthly trading volume, the count of NFTs sold so far this month is at its lowest since the beginning of the year. Source: Dune Analytics As expected, the decline in sales volume and the count of NFTs sold was brought about by a fall in active traders on the marketplace.
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