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The total crypto market cap increased by $840 billion, or 39.6%, to close the third quarter at $3 trillion, per data from CoinGecko, ending three straight quarters of declines.<\/p>\n
It was the largest quarterly rise since the fourth quarter of 2024, but prices outpaced participation with trading volumes still falling.<\/p>\n
Market cap peaked<\/a> near $3 trillion on September 21 before closing the quarter at $2.96 trillion, which is still 4% lower year to date.<\/p>\n August did the heavy lifting, with a 21.8% jump worth $490 billion that followed a US Treasury announcement to at least double its planned buybacks of long-dated bonds, plus steady net inflows into spot Bitcoin ETFs. A Senate procedural vote on the CLARITY Act failed on September 15 and barely slowed<\/a> the climb.<\/p>\n Ethereum, meanwhile, gained 71% to $2,684, beating Bitcoin and every other major coin, helped by net inflows of $3.1 billion into US spot ETH funds that erased all the outflows from the first half of the year.<\/p>\n However, its trading volume still fell 23.2% to $11.5 billion, and Glamsterdam, the network upgrade already delayed in the second quarter, missed mainnet again and is still reaching test networks, with Sepolia activated<\/a> on October 6.<\/p>\n Average daily volume fell 8.6% from Q2 to $73.3 billion, a third consecutive quarterly decline, while spot volume at the top ten centralized exchanges slid 14.2% to $1.65 trillion. But leverage came back faster than buyers did, since open interest on perpetual futures, which counts the value of contracts still open, rose 40.6% and closed above $100 billion for the first time since the third quarter of 2025.<\/p>\n Binance extended its spot share to 42.7% from 38.7% in the second quarter, and it was the only exchange in double digits. It also added $12.7 billion to open interest, while KuCoin and Deribit lost 41.2% and 18.9%, a split CoinGecko called uneven rather than broad-based.<\/p>\n Bitget, for its part, fell to #11 after a hack in September, having already dropped from $37.8 billion in monthly volume in June to $15.7 billion in July.<\/p>\n CoinGecko also tracked Robinhood Chain, which launched July 1, and recorded more than $88.9 billion in trading volume during the quarter. Although the network was built with tokenized stocks and real-world assets in mind, meme coin traders took over, becoming a major source of activity that saw transactions per day hit an average of 9.5 million in Q3, even though most newly deployed tokens failed to gain traction.<\/p>\n The market has since then given back some ground, with BTC falling<\/a> to a monthly low of $80,200 on October 15 amid pressure from Asian stock markets and September inflation data that came in slightly above forecasts.<\/p>\n The post Crypto Ends Three-Quarter Losing Streak With 39% Q3 Gain: Report<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nBinance Gains Share While Newer Platforms Draw Traders<\/h2>\n
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