The US government shutdown caused the crypto market to lose $408 billion in growth potential.
CryptoQuant analysis reported that the U.S. government shutdown has had a significant impact on the growth rate of the cryptocurrency market. From October 1st to November 10th, the market growth rate sharply slowed down, with a total market value loss of $408 billion in growth space.
Market value growth rate (MAGapRatio) data shows that the growth rate of Bitcoin decreased from 16.75% on October 1st to 6.60% on November 10th; the growth rate of the top 20 assets (excluding BTC) decreased from 32.29% to 14.67%; small and medium market value assets experienced the most severe decline, with the growth rate plummeting from 18.57% to only 0.21%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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