What are the risks of investing in crypto?
In a similar fashion, spot trading volume on the top 10 crypto exchanges collapsed to $0.46 trillion in December, which is down 67.3% from $1.5 trillion in January 2022. The deepest decline in this market occurred during the fourth quarter of the year in the aftermath of FTX's collapse and the resulting contagion that impacted over 1 million estimated depositors, creditors and investors, the report notes. All crypto market cap Despite gathering significant momentum in the final quarter of 2023, the crypto market entered the New Year with a bit of a limp.
Coinbase crypto prices
It's been a brutal year for the cryptocurrency market. More From Forbes Crypto market cap is calculated by multiplying the total number of coins in circulation by their current price.
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One of the events that could play a major role in the future increase of the total crypto market cap is the upcoming halving of its representative asset, Bitcoin (BTC), which could lead the flagship decentralized finance (DeFi) token toward the price target of $1 million, as some experts have projected. Crypto Market Cap Want to learn more? Money has a full list of the best crypto exchanges as well as a list of the best crypto wallets (spoiler: Coinbase is listed as the best for beginners on both). You can also check out our full review of the Coinbase crypto wallet.