Cryptocurrency Market Grows by $840 Billion, but Spot Trading Drops by 14.2%

The cryptocurrency market gained $840 billion in value in the third quarter, with a total growth of 39.6% to nearly $3 trillion. Ethereum rose by 71% to $2,684, while Bitcoin increased by 42.7% to $83,576. Despite the price increases, regular spot trading on the ten largest cryptocurrency exchanges fell by 14.2%, with a total trading volume of $1.65 trillion. At the same time, the amount in open leveraged positions rose by 40.6% to over $102 billion, the highest level since the third quarter of 2025. This indicates that traders are not yet fully convinced of the rally and are betting more on short-term speculation. The third quarter was the strongest quarterly gain since the end of 2024, but the reluctance in spot trading may keep the market vulnerable to sharp movements.

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