Top 200 cryptocurrencies up just 5% since October 2021: analyst

The market-cap-weighted value of the top 200 cryptocurrencies has risen only about 5% since October 2021, according to Jamie Coutts, a crypto market analyst at Real Vision. Coutts said the crypto market had effectively stagnated over the past five years as new token supply offset gains in demand. Coutts added that supply conditions have recently shifted, with annual new supply growth slowing to 3.3% from 26.5%, while rewards flowing to token holders have increased fivefold. Demand is also showing signs of recovery, Coutts said.