Bitcoin Gained 55% in 2023, But Trading Volume Remains at 4-Year Low
Bitcoin trading volume hit a 4-year low earlier in August as traders struggle to find reason to reenter the market.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Coinbase beat Q2 earnings expectations by over 240% but saw shares fall 11% in premarket.
Bitcoin trading volume hit a 4-year low earlier in August as traders struggle to find reason to reenter the market.
In Q1 2020, more than $6 trillion of crypto trading volumes came from wash trading.
Binance's market share increased to 61.8% in February from 59.4% in January in the face of recent regulatory clampdown.
Crypto options trading volume jumped above $3B on Feb. 16, marking its 2023 peak.
Digital assets investment products saw trading volume plummet to a 2-year low last week, according to CoinShares.
More than 12,100 cryptocurrencies have periods of no trading volume amid 2022's bear market, according to data provider Nomics.
The world's largest cryptocurrency exchange has seen a massive spike in trading volume after removing trading fees for BTC and ETH pairs.
Amidst the growing negative market sentiments, on-chain statistics indicate that recent selloff wasn't driven by derivatives.
CEX trading volume grew 689% to $14 trillion in 2021.