Does anyone care about crypto? Consumer transaction volume on Coinbase is down 70% from last year.
Transaction volume for consumers and institutions is down 70% and 54%, respectively, when compared to the second quarter of 2022.
The crypto exchange cited a decrease in crypto's overall market cap, with the average crypto prices falling, and low volatility in the market as reasons for the decline. The price of the most visible cryptocurrency, Bitcoin, has remained relatively stable since March, meaning the opportunity to make big returns has diminished.that cryptocurrencies and the companies facilitating their transactions seemed as ubiquitous in America as beer and pickup trucks.
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