Coingecko publishes crypto report for the third quarter-BTC exceeded all important asset classes, decoupling old coins-emerging markets

On Thursday, the crypto-asset aggregation portal Coingecko published the company's report for the third quarter of 2021, which shows a number of different results. According to the study, the crypto economy was largely recovering from the market descendant in May, since the top 30 market capitalizations grew by 31 % in the third quarter. The report shows that old coins continue to decouple (especially those of alternative chains) and the leading stable coin-Tether has lost its share "as the preferred stable coin".

The cryptocurrency report 2021 for the third quarter observes the crypto landscape and the market performance of Bitcoin in the third quarter

This week the analysts and founders of Coingecko Bobby Ong and Tm Lee published the 2021 Q3 cryptocurrency report that observes the third quarter of the crypto economy. The study deals with a variety of topics, including decentralized finances (defi), not fungible tokens (NFT) and the performance of the cryptom market in the third quarter. In the note of the founder of the report, ONG and LEE explain that "NFTS redefines values ​​and culture".

"NFTS are here to stay and have proven to be an entry drug for the mainstream adoption. We are big fans of NFTs since we learned about them in 2016," explain the Coingecko founders.

In addition, the report Bitcoin ( btc ) in detail and notes that the leading crypto-asset in the third quarter of around 25 %. "Bitcoin ended the third quarter of 2021 at $ 43,859, which corresponds to an increase of 25 % compared to the previous quarter, and has consolidated itself in the third quarter since its decline," the report said. At the same time, however, Coingecko research is determined that the old coin dominance has increased.

"To exceed the dominance of old coins [Continued] bitcoins that declined by up to 4.5 %, which signals the growing mood that old coins from Bitcoin are decoupled. However, exceptions are Cardano and Tether. Tether marked the greatest decline with a decrease of 15.7 %," add the researchers. Stable coins that have increased in dominance include USDC, Busd, Dai and Vust.

Strong recovery of the Hashrates, Bitcoin exceeds traditional assets and indices

The 40-page report explains that the btc the hash-rate rose by 54 % in the third quarter and the raid underlines in the third quarter Bitcoin mining that took place in China. "The strong recovery of the Hashrate could be related to the great migration of the miners from China to the rest of the world," said Coingeckos report.

The report coincides with from the bitcoin electricity Consumption Index (CBECI) project at Cambridge University, which shows that there is now a large number of mining companies in the USA. In the third quarter, Coingecko researchers find that Bitcoin ( btc ) has increased by 25 %. "All important investment classes and indices performed worse in the third quarter of 2021 compared to the third quarter of 2020, with the exception of DXY and the NASDAQ index," said the study researchers.

The study also deals with other metrics, and in the third quarter of 2021 listed listed companies around 1.11% of the total btc delivery. In addition, the report notes that btc The market assessment of gold is 13.5 times below the overall market capitalization of gold.

Since the publication of Coingeckos Q3 2021 report, Bitcoin ( btc ) has gained value. For example on the day before the publication of the report btc was exchanged for 54.887 US dollar per unit and today the crypto-asset swaps the hands $ 61.2k per btc . This is an increase of 11.59 % in the last two days.

What do you think of Coingeckos crypto-asset report for the third quarter of 2021? Let us know your opinion on this topic in the comments below.

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