In the third quarter of 2022, the cryptocurrency market entered a long phase of consolidation. A recovery loomed in September, according to a DappRadar report.
One of the most important events of the third quarter was the update of etherium and the network’s transition to the Proof-of-Stake consensus. Despite the recovery of investor activity, the cryptocurrency market capitalization is still below $1 trillion.
Between July and September 2022, the value of digital currencies declined 8.5%. The first signs of recovery appeared at the end of last month.