According to CoinMarketCap’s latest report, the cryptocurrency market faced bearish conditions in Q3 2024, but important narratives emerged that shaped market sentiment.
Bitcoin’s dominance reached a high not seen since April 2021, despite negative returns in August. Additionally, stablecoins reached an all-time market capitalization high, signaling strong sidelined liquidity. While Bitcoin’s performance lagged in Q3, historical trends suggest strong potential for a bullish Q4.
