October truly proved its nickname "Uptober" once again. Bitcoin reached a new year-to-date high, and several other large-cap coins experienced a significant surge. However, the rest of the market remained relatively stable, albeit with a more positive sentiment compared to the previous quarter.

In this report we explore the state of the cryptocurrency market in Q3 2023, analyzing the significant events, data, and patterns that influenced the industry during the previous quarter.

The crypto market experienced a positive start to 2023 with rapid growth bringing prices close to pre-crash levels and increased investment activity in web3.