The worldwide trade volume with cryptocurrencies recorded a significant decline in December 2022 - market tactualizations
The worldwide trade volume with cryptocurrencies recorded a significant decline in December 2022 - market tactualizations
According to statistics, the daily trade volume with cryptocurrencies in December 2022 decreased significantly. On January 1st, the data showed that $ 22.95 billion in the last 24 hours showed two weeks earlier compared to the double of this amount, namely $ 54.78 billion. On November 8, 2022, 54 days earlier, the global trade volume with cryptocurrencies in the middle of the FTX collapse was around $ 115.33 billion.
crypto trade volume at the end of 2022 46 % lower than in the previous month
The worldwide trade volume with cryptocurrencies has decreased significantly since the beginning of the year. For example, on January 2, 2022, a year ago, the global trading volume for the 24-hour period was about 70.48 billion US dollar , according to the archived statistics from Coingecko.com. Today's 24-hour volume is 67.43 % lower $ 22.95 billion . In addition, 71.63 % of all trades were paired on January 1, 2023 with the stable coins of the cryptocurrency industry.
While all stablecoins are represented today $ 16.44 billion in the commercial volume, tether ( usdt ) has $ 12.45 billion, which corresponds to 71.63 % of the total volume on January 1, 2023. Two weeks ago, on December 15th, the global trade volume 54.78 billion US dollar and a good majority of these trades was also found in Stable coins instead. The trading volume of cryptocurrencies has been declining since January 2022, with monthly leaders in May, September and November 2022.
The top value in November occurred in the middle of the chaos around FTX's bankruptcy, and at that time there was significantly higher daily trade volumes. Data from the crypto exchange volume of The Block ( Legitimer index ) $ 543.67 billion, while in November 2022 there was an increase of around 23.79 % to $ 673.01 billion. Now that December 2022 is over, statistics show that the total volume in December 2022 was around $ 357.48 billion or 46.88 % less than in the previous month.
The last time that the global trade volume with cryptocurrencies was so low was two years ago in December 2020. At that time, the global trade volume with cryptos was 7.27 % higher and was $ 385.51 billion. A lower trading volume for cryptocurrencies can have both positive and negative effects on investors. On the one hand, a low trading volume is often seen as a sign of lack of interest in the cryptom market, which could possibly indicate lower values. On the other hand, a low trading volume can sometimes be interpreted as a positive sign of the cryptocurrency economy because it could indicate a limited sales pressure.What do you think about the decline in crypto trade volume in the last month of 2022? Share your thoughts on this topic in the comment area below.
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