• bitcoinBitcoin (BTC) $ 66,746.00
  • ethereumEthereum (ETH) $ 3,638.59
  • tetherTether (USDT) $ 0.999863
  • bnbBNB (BNB) $ 610.34
  • solanaSolana (SOL) $ 149.99
  • staked-etherLido Staked Ether (STETH) $ 3,639.18
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.490146
  • dogecoinDogecoin (DOGE) $ 0.137022
  • the-open-networkToncoin (TON) $ 7.98
  • cardanoCardano (ADA) $ 0.418067
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • avalanche-2Avalanche (AVAX) $ 30.04
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,863.00
  • tronTRON (TRX) $ 0.117047
  • chainlinkChainlink (LINK) $ 15.19
  • polkadotPolkadot (DOT) $ 6.40
  • uniswapUniswap (UNI) $ 11.62
  • bitcoin-cashBitcoin Cash (BCH) $ 429.67
  • nearNEAR Protocol (NEAR) $ 5.71
  • litecoinLitecoin (LTC) $ 78.90
  • matic-networkPolygon (MATIC) $ 0.622525
  • wrapped-eethWrapped eETH (WEETH) $ 3,784.89
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 0.999595
  • pepePepe (PEPE) $ 0.000012
  • internet-computerInternet Computer (ICP) $ 9.55
  • kaspaKaspa (KAS) $ 0.158463
  • ethereum-classicEthereum Classic (ETC) $ 25.55
  • fetch-aiFetch.ai (FET) $ 1.48
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,623.91
  • aptosAptos (APT) $ 7.91
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 176.85
  • render-tokenRender (RNDR) $ 8.40
  • hedera-hashgraphHedera (HBAR) $ 0.086444
  • filecoinFilecoin (FIL) $ 5.27
  • mantleMantle (MNT) $ 0.904054
  • stellarStellar (XLM) $ 0.099014
  • cosmosCosmos Hub (ATOM) $ 7.23
  • blockstackStacks (STX) $ 1.92
  • okbOKB (OKB) $ 45.88
  • arbitrumArbitrum (ARB) $ 0.930515
  • crypto-com-chainCronos (CRO) $ 0.098968
  • dogwifcoindogwifhat (WIF) $ 2.59
  • immutable-xImmutable (IMX) $ 1.72
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998284
  • injective-protocolInjective (INJ) $ 25.21
  • suiSui (SUI) $ 0.962797
  • optimismOptimism (OP) $ 2.11
  • makerMaker (MKR) $ 2,437.33
  • the-graphThe Graph (GRT) $ 0.236932
  • vechainVeChain (VET) $ 0.029585
  • bittensorBittensor (TAO) $ 309.39
  • notcoinNotcoin (NOT) $ 0.020101
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,028.65
  • flokiFLOKI (FLOKI) $ 0.000207
  • lido-daoLido DAO (LDO) $ 2.16
  • arweaveArweave (AR) $ 28.73
  • jasmycoinJasmyCoin (JASMY) $ 0.037951
  • fantomFantom (FTM) $ 0.642332
  • ondo-financeOndo (ONDO) $ 1.19
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,759.96
  • theta-tokenTheta Network (THETA) $ 1.70
  • bonkBonk (BONK) $ 0.000025
  • bitget-tokenBitget Token (BGB) $ 1.15
  • based-brettBrett (BRETT) $ 0.159508
  • thorchainTHORChain (RUNE) $ 4.71
  • celestiaCelestia (TIA) $ 8.13
  • coredaoorgCore (CORE) $ 1.64
  • whitebitWhiteBIT Coin (WBT) $ 9.61
  • eosEOS (EOS) $ 0.655468
  • pyth-networkPyth Network (PYTH) $ 0.365222
  • aaveAave (AAVE) $ 85.80
  • algorandAlgorand (ALGO) $ 0.155693
  • sei-networkSei (SEI) $ 0.417098
  • ethenaEthena (ENA) $ 0.769285
  • jupiter-exchange-solanaJupiter (JUP) $ 0.919316
  • starknetStarknet (STRK) $ 0.939924
  • quant-networkQuant (QNT) $ 83.19
  • galaGALA (GALA) $ 0.033324
  • cheeleeCheelee (CHEEL) $ 20.49
  • flare-networksFlare (FLR) $ 0.027205
  • gatechain-tokenGate (GT) $ 8.60
  • flowFlow (FLOW) $ 0.725418
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,675.11
  • beam-2Beam (BEAM) $ 0.020424
  • kucoin-sharesKuCoin (KCS) $ 10.43
  • axie-infinityAxie Infinity (AXS) $ 6.74
  • bitcoin-svBitcoin SV (BSV) $ 49.68
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ordinalsORDI (ORDI) $ 46.01
  • zebec-protocolZebec Protocol (ZBC) $ 0.018632
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.69
  • dydx-chaindYdX (DYDX) $ 1.54
  • elrond-erd-2MultiversX (EGLD) $ 33.51
  • neoNEO (NEO) $ 12.81
  • chilizChiliz (CHZ) $ 0.101347
  • pendlePendle (PENDLE) $ 5.71
  • the-sandboxThe Sandbox (SAND) $ 0.384590
  • gnosisGnosis (GNO) $ 333.47
  • roninRonin (RON) $ 2.59
  • worldcoin-wldWorldcoin (WLD) $ 3.47
  • wormholeWormhole (W) $ 0.459415
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,634.01
  • akash-networkAkash Network (AKT) $ 3.36
  • singularitynetSingularityNET (AGIX) $ 0.627527
  • tezosTezos (XTZ) $ 0.816894
  • oasis-networkOasis Network (ROSE) $ 0.118748
  • conflux-tokenConflux (CFX) $ 0.191667
  • msolMarinade Staked SOL (MSOL) $ 178.66
  • nexoNEXO (NEXO) $ 1.35
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.02
  • livepeerLivepeer (LPT) $ 22.74
  • mina-protocolMina Protocol (MINA) $ 0.661521
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.007324
  • usddUSDD (USDD) $ 1.00
  • havvenSynthetix Network (SNX) $ 2.21
  • ecasheCash (XEC) $ 0.000037
  • book-of-memeBOOK OF MEME (BOME) $ 0.010464
  • dexeDeXe (DEXE) $ 12.64
  • decentralandDecentraland (MANA) $ 0.386578
  • frax-etherFrax Ether (FRXETH) $ 3,624.94
  • fasttokenFasttoken (FTN) $ 2.22
  • lido-staked-solLido Staked SOL (STSOL) $ 176.11
  • aioz-networkAIOZ Network (AIOZ) $ 0.626992
  • safeSafe (SAFE) $ 1.60
  • apecoinApeCoin (APE) $ 1.07
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.53
  • klay-tokenKlaytn (KLAY) $ 0.180607
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,905.48
  • fraxFrax (FRAX) $ 0.998271
  • swethSwell Ethereum (SWETH) $ 3,845.09
  • iotaIOTA (IOTA) $ 0.192149
  • mantra-daoMANTRA (OM) $ 0.759096
  • kavaKava (KAVA) $ 0.561489
  • nervos-networkNervos Network (CKB) $ 0.013262
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000105
  • rocket-poolRocket Pool (RPL) $ 28.19
  • tether-goldTether Gold (XAUT) $ 2,330.68
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,946.93
  • heliumHelium (HNT) $ 3.41
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.110353
  • magaMAGA (TRUMP) $ 11.91
  • axelarAxelar (AXL) $ 0.783457
  • theta-fuelTheta Fuel (TFUEL) $ 0.083554
  • aevo-exchangeAevo (AEVO) $ 0.632407
  • 1inch1inch (1INCH) $ 0.423428
  • illuviumIlluvium (ILV) $ 80.47
  • blurBlur (BLUR) $ 0.312152
  • ioio.net (IO) $ 5.38
  • xdce-crowd-saleXDC Network (XDC) $ 0.034274
  • bitcoin-goldBitcoin Gold (BTG) $ 28.36
  • true-usdTrueUSD (TUSD) $ 0.998363
  • iotexIoTeX (IOTX) $ 0.050854
  • woo-networkWOO (WOO) $ 0.251886
  • corgiaiCorgiAI (CORGIAI) $ 0.001377
  • stader-ethxStader ETHx (ETHX) $ 3,744.66
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • ether-fiEther.fi (ETHFI) $ 4.04
  • raydiumRaydium (RAY) $ 1.75
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000022
  • astarAstar (ASTR) $ 0.079168
  • arkhamArkham (ARKM) $ 1.90
  • memecoin-2Memecoin (MEME) $ 0.021529
  • pax-goldPAX Gold (PAXG) $ 2,328.33
  • golemGolem (GLM) $ 0.431006
  • apenftAPENFT (NFT) $ 0.00000044
  • polymeshPolymesh (POLYX) $ 0.401933
  • aerodrome-financeAerodrome Finance (AERO) $ 0.855834
  • curve-dao-tokenCurve DAO (CRV) $ 0.333074
  • manta-networkManta Network (MANTA) $ 1.29
  • paypal-usdPayPal USD (PYUSD) $ 0.998776
  • compound-ethercETH (CETH) $ 73.04
  • ocean-protocolOcean Protocol (OCEAN) $ 0.635999
  • dydxdYdX (ETHDYDX) $ 1.54
  • stepnGMT (GMT) $ 0.194720
  • echelon-primeEchelon Prime (PRIME) $ 9.99
  • usdbUSDB (USDB) $ 1.00
  • osmosisOsmosis (OSMO) $ 0.609585
  • kusamaKusama (KSM) $ 26.81
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.35
  • wemix-tokenWEMIX (WEMIX) $ 1.09
  • biconomyBiconomy (BICO) $ 0.474558
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004315
  • mx-tokenMX (MX) $ 3.83
  • safepalSafePal (SFP) $ 0.812907
  • compound-governance-tokenCompound (COMP) $ 54.14
  • aragonAragon (ANT) $ 9.28
  • holotokenHolo (HOT) $ 0.002072
  • zilliqaZilliqa (ZIL) $ 0.019811
  • radixRadix (XRD) $ 0.035033
  • superfarmSuperVerse (SUPER) $ 0.806681
  • dymensionDymension (DYM) $ 2.06
  • celoCelo (CELO) $ 0.670595
  • terra-luna-2Terra (LUNA) $ 0.521808
  • jito-governance-tokenJito (JTO) $ 2.90
  • 0x0x Protocol (ZRX) $ 0.415888
  • ankrAnkr Network (ANKR) $ 0.035197
  • altlayerAltLayer (ALT) $ 0.231387

Bitcoin Reserves Fall To 2017 Levels, The U.S. Loses Its Crypto Market Share

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Bitcoin Reserves Fall To 2017 Levels, The U.S. Loses Its Crypto Market Share

Regions like the EU and Hong Kong, which have developed comprehensive regulations for the nascent economy, are experiencing an inflow of capital, talent, and digital asset firms. Hong Kong, in particular, has opened up to crypto companies and stated that they would adopt the “same activity, same risks, same regulation” principle for entities akin to traditional financial firms.

Bitcoin Reserves Fall To 2017 Levels, The U.S. Loses Its Crypto Market Share

In addition, CryptoQuant’s research found that the market cap of U.S.-based stablecoins has plummeted by 35%, losing $15 billion so far in 2023. Meanwhile, the U.S. remains the world’s dominant player in the Bitcoin mining industry. However, the country could lose that position due to bad regulation, as the government is targeting miners with the possibility of higher taxes. The U.S. is losing its crypto market share as regulatory uncertainty drives firms and assets offshore.

The decline in BTC reserves on American exchanges and the market cap of U.S.-based stablecoins shows that the country is gradually losing its market share of emerging and existing sectors as de-dollarization heightens. The trading volume of international crypto exchanges is four times greater than that of U.S.-based platforms. Bitcoin’s spot trading volume dominance in the U.S. has fallen below 2017 levels and is currently at 21%. American exchanges have little-to-no exposure to perpetual futures trading markets, which have a volume of 11x that of spot trading volume, as firms are not allowed to offer the service.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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