Coinbase Says the Chill Has Already Begun
Things aren’t looking too hot in the crypto world right now, and Coinbase says we might already be in another “crypto winter.”
This is a term the crypto space uses when the crypto market drops for a long time, prices stay low, and there’s not much excitement or trading going on.
In a report dropped on Tuesday, Coinbase pointed out a bunch of signs showing the market is dropping fast.
The report says the total crypto market cap, excluding Bitcoin, has dropped to $950 billion. That’s a 41% fall from December 2024, when it was around $1.6 trillion. It’s also lower than it was a year ago, and even below the prices we saw back in late 2021 and early 2022, when the market was already shaky.
