Bitcoin Was Second in Terms of Dynamics in Q3

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According to the quarterly report of CoinGecko, from July to September, BTC fell by 1%, showing better dynamics than fiat currencies (except for the US dollar), leading stock indices, gold and oil.

Taking into account the results since the beginning of the year, Bitcoin remains an outsider, having fallen in price by 58% over this period.

The capitalization of the cryptocurrency market as a whole increased by 6.5%, showing extremes of $875 billion and $1.1 trillion.

In the top 30, thanks to The Merge, Ethereum Classic ousted Algorand from the rankings. XRP displaced Binance USD from the sixth line, Polygon rose from 19th to 15th place, and Uniswap from 27th to 18th.

The correlation of the cryptocurrency market with the S&P 500 index decreased slightly, from 0.92 to 0.85.