• bitcoinBitcoin (BTC) $ 43,875.00
  • ethereumEthereum (ETH) $ 2,346.36
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 239.63
  • xrpXRP (XRP) $ 0.662365
  • solanaSolana (SOL) $ 71.83
  • usd-coinUSDC (USDC) $ 0.999638
  • staked-etherLido Staked Ether (STETH) $ 2,345.42
  • cardanoCardano (ADA) $ 0.586357
  • dogecoinDogecoin (DOGE) $ 0.099398
  • avalanche-2Avalanche (AVAX) $ 32.43
  • tronTRON (TRX) $ 0.107742
  • polkadotPolkadot (DOT) $ 7.17
  • chainlinkChainlink (LINK) $ 16.21
  • matic-networkPolygon (MATIC) $ 0.898664
  • the-open-networkToncoin (TON) $ 2.35
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 43,779.00
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • litecoinLitecoin (LTC) $ 78.15
  • daiDai (DAI) $ 0.998696
  • uniswapUniswap (UNI) $ 6.70
  • bitcoin-cashBitcoin Cash (BCH) $ 251.30
  • stellarStellar (XLM) $ 0.135238
  • leo-tokenLEO Token (LEO) $ 3.80
  • okbOKB (OKB) $ 58.19
  • moneroMonero (XMR) $ 177.27
  • ethereum-classicEthereum Classic (ETC) $ 21.96
  • cosmosCosmos Hub (ATOM) $ 10.39
  • crypto-com-chainCronos (CRO) $ 0.106773
  • kaspaKaspa (KAS) $ 0.127115
  • true-usdTrueUSD (TUSD) $ 0.997865
  • hedera-hashgraphHedera (HBAR) $ 0.074298
  • nearNEAR Protocol (NEAR) $ 2.46
  • immutable-xImmutable (IMX) $ 1.89
  • filecoinFilecoin (FIL) $ 5.12
  • internet-computerInternet Computer (ICP) $ 5.40
  • aptosAptos (APT) $ 8.18
  • lido-daoLido DAO (LDO) $ 2.37
  • vechainVeChain (VET) $ 0.027148
  • optimismOptimism (OP) $ 2.13
  • thorchainTHORChain (RUNE) $ 6.42
  • bittensorBittensor (TAO) $ 334.40
  • mantleMantle (MNT) $ 0.615445
  • elrond-erd-2MultiversX (EGLD) $ 64.61
  • quant-networkQuant (QNT) $ 114.97
  • the-graphThe Graph (GRT) $ 0.173670
  • injective-protocolInjective (INJ) $ 18.74
  • algorandAlgorand (ALGO) $ 0.195743
  • binance-usdBUSD (BUSD) $ 0.998959
  • arbitrumArbitrum (ARB) $ 1.14
  • aaveAave (AAVE) $ 98.34
  • blockstackStacks (STX) $ 0.989926
  • render-tokenRender (RNDR) $ 3.75
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,566.91
  • celestiaCelestia (TIA) $ 9.35
  • havvenSynthetix Network (SNX) $ 4.07
  • makerMaker (MKR) $ 1,415.99
  • flowFlow (FLOW) $ 0.853948
  • wemix-tokenWEMIX (WEMIX) $ 3.64
  • the-sandboxThe Sandbox (SAND) $ 0.583319
  • bittorrentBitTorrent (BTT) $ 0.000001
  • theta-tokenTheta Network (THETA) $ 1.15
  • fantomFantom (FTM) $ 0.403246
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998651
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000180
  • axie-infinityAxie Infinity (AXS) $ 7.89
  • decentralandDecentraland (MANA) $ 0.561235
  • ordinalsORDI (ORDI) $ 49.09
  • bitcoin-svBitcoin SV (BSV) $ 51.63
  • galaGALA (GALA) $ 0.032514
  • eosEOS (EOS) $ 0.841152
  • kucoin-sharesKuCoin (KCS) $ 9.88
  • neoNEO (NEO) $ 13.03
  • iotaIOTA (IOTA) $ 0.290389
  • tezosTezos (XTZ) $ 0.966951
  • kavaKava (KAVA) $ 0.852981
  • whitebitWhiteBIT Coin (WBT) $ 5.81
  • mina-protocolMina Protocol (MINA) $ 0.803084
  • klay-tokenKlaytn (KLAY) $ 0.249447
  • beam-2Beam (BEAM) $ 0.016970
  • suiSui (SUI) $ 0.695424
  • usddUSDD (USDD) $ 0.989749
  • xdce-crowd-saleXDC Network (XDC) $ 0.051470
  • bitget-tokenBitget Token (BGB) $ 0.508569
  • chilizChiliz (CHZ) $ 0.091662
  • frax-etherFrax Ether (FRXETH) $ 2,343.39
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.70
  • frax-shareFrax Share (FXS) $ 9.17
  • illuviumIlluvium (ILV) $ 111.63
  • cheeleeCheelee (CHEEL) $ 12.63
  • pyth-networkPyth Network (PYTH) $ 0.452825
  • conflux-tokenConflux (CFX) $ 0.191308
  • bonkBonk (BONK) $ 0.000011
  • apecoinApeCoin (APE) $ 1.81
  • ecasheCash (XEC) $ 0.000034
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • fraxFrax (FRAX) $ 0.996850
  • heliumHelium (HNT) $ 4.51
  • pepePepe (PEPE) $ 0.000002
  • curve-dao-tokenCurve DAO (CRV) $ 0.685714
  • gatechain-tokenGate (GT) $ 4.67
  • gnosisGnosis (GNO) $ 238.26
  • blurBlur (BLUR) $ 0.524946
  • rocket-poolRocket Pool (RPL) $ 30.07
  • sei-networkSei (SEI) $ 0.265436
  • terra-luna-2Terra (LUNA) $ 0.952260
  • compound-ethercETH (CETH) $ 47.20
  • flare-networksFlare (FLR) $ 0.018554
  • dydxdYdX (ETHDYDX) $ 2.98
  • fetch-aiFetch.ai (FET) $ 0.512333
  • arweaveArweave (AR) $ 8.16
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 2,501.47
  • gasGas (GAS) $ 8.02
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.24
  • radixRadix (XRD) $ 0.049988
  • osmosisOsmosis (OSMO) $ 0.791965
  • gmxGMX (GMX) $ 53.82
  • casper-networkCasper Network (CSPR) $ 0.042642
  • tether-goldTether Gold (XAUT) $ 2,005.63
  • zcashZcash (ZEC) $ 33.88
  • msolMarinade staked SOL (MSOL) $ 82.85
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,475.76
  • rollbit-coinRollbit Coin (RLB) $ 0.159703
  • nexoNEXO (NEXO) $ 0.863609
  • aelfaelf (ELF) $ 0.676239
  • roninRonin (RON) $ 1.68
  • compound-wrapped-btccWBTC (CWBTC) $ 880.70
  • oec-tokenOKT Chain (OKT) $ 25.96
  • huobi-tokenHuobi (HT) $ 2.86
  • pax-goldPAX Gold (PAXG) $ 1,985.64
  • woo-networkWOO Network (WOO) $ 0.246994
  • apenftAPENFT (NFT) $ 0.00000044
  • oasis-networkOasis Network (ROSE) $ 0.085568
  • 1inch1inch (1INCH) $ 0.403975
  • zilliqaZilliqa (ZIL) $ 0.024590
  • paxos-standardPax Dollar (USDP) $ 0.998879
  • huobi-btcHuobi BTC (HBTC) $ 47,817.00
  • stepnSTEPN (GMT) $ 0.310645
  • kujiraKujira (KUJI) $ 3.45
  • dashDash (DASH) $ 35.73
  • singularitynetSingularityNET (AGIX) $ 0.323300
  • astarAstar (ASTR) $ 0.074232
  • flokiFLOKI (FLOKI) $ 0.000040
  • axelarAxelar (AXL) $ 0.800817
  • jito-governance-tokenJito (JTO) $ 3.39
  • holotokenHolo (HOT) $ 0.002178
  • compound-governance-tokenCompound (COMP) $ 54.98
  • basic-attention-tokenBasic Attention (BAT) $ 0.251218
  • terrausdTerraClassicUSD (USTC) $ 0.041965
  • akash-networkAkash Network (AKT) $ 1.67
  • siacoinSiacoin (SC) $ 0.007422
  • nemNEM (XEM) $ 0.041336
  • enjincoinEnjin Coin (ENJ) $ 0.370576
  • 0x0x Protocol (ZRX) $ 0.433513
  • qtumQtum (QTUM) $ 3.47
  • memecoin-2Memecoin (MEME) $ 0.039731
  • convex-financeConvex Finance (CVX) $ 4.06
  • aleph-zeroAleph Zero (AZERO) $ 1.33
  • bitcoin-goldBitcoin Gold (BTG) $ 18.53
  • loopringLoopring (LRC) $ 0.260841
  • celoCelo (CELO) $ 0.617139
  • ethereum-pow-iouEthereumPoW (ETHW) $ 2.96
  • lido-staked-solLido Staked SOL (STSOL) $ 82.71
  • worldcoin-wldWorldcoin (WLD) $ 2.64
  • autonolasAutonolas (OLAS) $ 6.13
  • mask-networkMask Network (MASK) $ 3.81
  • theta-fuelTheta Fuel (TFUEL) $ 0.048789
  • mx-tokenMX (MX) $ 3.07
  • iotexIoTeX (IOTX) $ 0.032338
  • chiaChia (XCH) $ 32.97
  • justJUST (JST) $ 0.033872
  • yearn-financeyearn.finance (YFI) $ 9,028.67
  • ocean-protocolOcean Protocol (OCEAN) $ 0.506151
  • jasmycoinJasmyCoin (JASMY) $ 0.006132
  • ethereum-name-serviceEthereum Name Service (ENS) $ 9.73
  • safepalSafePal (SFP) $ 0.686660
  • ankrAnkr Network (ANKR) $ 0.028800
  • ravencoinRavencoin (RVN) $ 0.023684
  • kusamaKusama (KSM) $ 31.29
  • ribbon-financeRibbon Finance (RBN) $ 0.325464
  • superfarmSuperVerse (SUPER) $ 0.616470
  • beldexBeldex (BDX) $ 0.046460
  • fasttokenFasttoken (FTN) $ 1.33
  • dexeDeXe (DEXE) $ 4.74
  • nxmNexus Mutual (NXM) $ 48.42
  • iconICON (ICX) $ 0.277145
  • moonbeamMoonbeam (GLMR) $ 0.331140
  • dao-makerDAO Maker (DAO) $ 1.25
  • audiusAudius (AUDIO) $ 0.220530
  • golemGolem (GLM) $ 0.256933
  • sushiSushi (SUSHI) $ 1.32
  • waxWAX (WAXP) $ 0.075145
  • wavesWaves (WAVES) $ 2.52
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 36.38
  • decredDecred (DCR) $ 15.94
  • tellorTellor Tributes (TRB) $ 93.33
  • aragonAragon (ANT) $ 5.93
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • seedify-fundSeedify.fund (SFUND) $ 4.03
  • swipeSXP (SXP) $ 0.399972

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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