Nearly 60% of VC crypto funds have withdrawn! Coinbase: The market value of small coins has plummeted from 1.6 trillion to 900 billion, and it is predicted that Q3 is expected to rebound sharply

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ABMedia
04-17
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The well-known exchange Coinbase released a market report on 4/15, indicating a significant retreat in crypto market funds, with confidence and technical indicators clearly weakening. It pointed out that Altcoin funds have dramatically declined, with market capitalization plummeting 41% from last year's peak. Although the market atmosphere is low, Coinbase also provided a slight boost of confidence, believing that this low point will bottom out in Q2 and potentially see a rapid rebound in Q3.

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Altcoin Market Cap Plummets 41%, Crypto Funds Dramatically Shrink

Coinbase pointed out:

  • Altcoin market capitalization dropped from the $1.6 trillion peak at the end of 2024 to $95 billion in mid-April, a decline of 41%

  • It even fell below $91 billion on 4/9, creating a new six-month low

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  • Focus on long-term indicators and avoid chasing highs and selling lows

  • In the medium term, start locking in AI, DeFi, and other application-based projects, and gradually observe which ones survive and have strong fundamentals

  • Risk Warning

    Crypto investment carries high risks, and prices may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.

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    Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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