Cryptoin investments lost an average of $ 79.5 million a week in April

Cryptoin investments lost an average of $ 79.5 million a week in April

According to the blockchain data company Cryptocompare, an average of $ 79.5 million left crypto system products every week in April, the largest in 2022. Bitcoin led the decline, with investors deducting average every week.

The cryptocurrency exchanges also reported a lower trading volume in April, which marked the sixth month in a row with declines. The average daily trade volume fell by 16.3 % to $ 244 million in April. Overall, the trading volume has decreased by 71.0 % since October 2021 and has decreased by $ 1.51 trillion by $ 83.8 % in January 2021.

Multi-asset cryptocurrency plant products have developed better than their single asset counterparts, said the CryptoCompare researchers. Multi-asset products have recorded tributaries in the past three months, with the average weekly inflows so far reached $ 4.23 million in April. This compared to average weekly tributaries of $ 18.9 million in February and $ 7.08 million in March.

Despite an increase in the drains and a decline in the commercial volume, investment products for digital assets have maintained a relatively constant managed assets (AUM), the researchers from CryptoCompare stated.

"The entire assets of all investment products for digital assets went back slightly by 1.34 % to $ 48.1 billion from the end of March to April 27," wrote analysts in their latest report test report . "The assets managed have so far remained relatively stable this year-with March of $ 48.7 billion the highest managed assets at the end of the month."

Bitcoin and ether experienced price declines of 16.3 % or 14.4 % by April 27th. Bitcoin experienced a slight recovery this week when Big Tech led the stocks to recover, but the largest digital currency could not break through the $ 40,000 mark.

"If the risk to risks on Wall Street remains strong, Bitcoin could continue to rise-if the profits continue to impress-but shortly after the Mega-Cap-Tech winnings from Thursday, the markets could enter into a trade span to the FOMC decision next week," Edward Moya, Senior Market Analyst at Oanda, said.

The mood also seems to have decreased Google Trends-Daten has shown a decline in Bitcoin since the beginning of the year. The crypto Angst- and gier-index A popular instrument for measuring the setting of investors has been dipped into the zone of" extreme fear "in the last few weeks, which shows that the sellers the buyers predominate.

The Hashrates and the mining difficulty of Bitcoin have remained constant, near all-time highs which indicates that the health of the Bitcoin network from short-term price fluctuations remains.

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The contribution of crypto investments lost average $ 79.5 million a week in April is no financial advice.