On October 14th, CoinGecko released the 2024 Q3 crypto industry report, which pointed out that although the total market value of cryptocurrencies remained at $2.33 trillion in the quarter, the fluctuation came from geopolitical events such as changes in interest rates by the Federal Reserve and unexpected interest rate hikes in Japan. The main points of the report are as follows: Total cryptocurrency market cap fell 1% in Q3, ending the quarter at $2.33 trillion The total cryptocurrency market cap reached a high of $2.61 trillion on July 22, but fell sharply on August 6 due to the weakening global economy. Bitcoin's market share rose to 53.6%, an increase of 2.7% month-on-month. Ethereum saw the largest decrease in market share among the top seven cryptocurrencies, reaching 3.6%, and ended Q3 with a market share of 13.4%. Q3 CEX spot trading volume fell to $3.05 trillion, down 14.8% month-on-month Binance remains the largest CEX, with its market share falling below 40% for the first time since January 2022 and currently stands at 38%.