04-19-2023, 08:29 AM
The Crypto Market Cap went from 829B to 1.2T in Q1 2023, increasing by 48.9%
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12qjvzq/the_crypto_market_cap_went_from_829b_to_12t_in_q1/"> <img src="https://b.thumbs.redditmedia.com/v52LabSk6fyvNGAZKb_NEcTwTi9a4dGqIEeBX8xtTAA.jpg" alt="The Crypto Market Cap went from 829B to 1.2T in Q1 2023, increasing by 48.9%" title="The Crypto Market Cap went from 829B to 1.2T in Q1 2023, increasing by 48.9%" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Crypto has seen hell of a year this year. We have of course had some headwinds and tailwinds, with some bank collapses and inflation pushing up cryptos price while the recession, job losses and a still ongoing war likely dragging it down. And at this point, at least short term, whether interest rates rise or fall seems to be positive for markets.</p> <p>Regardless, the market cap of crypto has exploded in Q1 2023, going from around 800B to 1.2 Trilion in those three months. This represents an increase of 48.9% or 400 Billion. </p> <p>​</p> <p><a href="https://preview.redd.it/sgsy3kn7jmua1.png?width=1431&format=png&auto=webp&s=e2257fd9f6314e7e711a3b32d54c9d2dd192f9b5">https://preview.redd.it/sgsy3kn7jmua1.png?width=1431&format=png&auto=webp&s=e2257fd9f6314e7e711a3b32d54c9d2dd192f9b5</a></p> <p>As expected from such data, crypto spot volume also increase by 18.4% for the quarter. Much of the gains were of course lead by Bitcoin which posted a gain of 72.4% for the quarter. And now ETH seems to be having a great second quarter that has also had a decently positive effect market-wide. All in all, a good start to the year.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OneThatNoseOne"> /u/OneThatNoseOne </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qjvzq/the_crypto_market_cap_went_from_829b_to_12t_in_q1/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qjvzq/the_crypto_market_cap_went_from_829b_to_12t_in_q1/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12qjvzq/the_crypto_market_cap_went_from_829b_to_12t_in_q1/"> <img src="https://b.thumbs.redditmedia.com/v52LabSk6fyvNGAZKb_NEcTwTi9a4dGqIEeBX8xtTAA.jpg" alt="The Crypto Market Cap went from 829B to 1.2T in Q1 2023, increasing by 48.9%" title="The Crypto Market Cap went from 829B to 1.2T in Q1 2023, increasing by 48.9%" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Crypto has seen hell of a year this year. We have of course had some headwinds and tailwinds, with some bank collapses and inflation pushing up cryptos price while the recession, job losses and a still ongoing war likely dragging it down. And at this point, at least short term, whether interest rates rise or fall seems to be positive for markets.</p> <p>Regardless, the market cap of crypto has exploded in Q1 2023, going from around 800B to 1.2 Trilion in those three months. This represents an increase of 48.9% or 400 Billion. </p> <p>​</p> <p><a href="https://preview.redd.it/sgsy3kn7jmua1.png?width=1431&format=png&auto=webp&s=e2257fd9f6314e7e711a3b32d54c9d2dd192f9b5">https://preview.redd.it/sgsy3kn7jmua1.png?width=1431&format=png&auto=webp&s=e2257fd9f6314e7e711a3b32d54c9d2dd192f9b5</a></p> <p>As expected from such data, crypto spot volume also increase by 18.4% for the quarter. Much of the gains were of course lead by Bitcoin which posted a gain of 72.4% for the quarter. And now ETH seems to be having a great second quarter that has also had a decently positive effect market-wide. All in all, a good start to the year.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OneThatNoseOne"> /u/OneThatNoseOne </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qjvzq/the_crypto_market_cap_went_from_829b_to_12t_in_q1/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qjvzq/the_crypto_market_cap_went_from_829b_to_12t_in_q1/">[comments]</a></span> </td></tr></table>