Spherical cryptocurrency Stock market volumes fell to lows last observed in December 2020.
Volume Data on Cryptocurrency Exchanges Has Dropped To The Levels Last Observed In December 2020
Cryptocurrency exchange volume in October was only $543 billion, down from $733 billion in September. Such low levels were last realized as $385 billion in December 2020.
in December 2020 bitcoin The price broke many new records and rose above $28,000.
In October, six months have passed since the cryptocurrency crisis began, and five months have passed since the huge TerraUSD crash.
Prices were stagnant for most of the month before surging higher last week. Volatility hit its lowest levels since July 2020 in October.
Binance accounted for the majority of cryptocurrency exchange volume with $390 billion during the month.
North American volumes dropped to just over $78 billion.
Coinbase accounted for the majority of volumes in this region. 60% of crypto asset trading volumes in North America, or approximately $46.9 billion, were traded on this exchange.
Looking at the two exchanges, volumes in South America are $9.4 billion, down slightly from September when they reached $11.6 billion. However, there was an increase of over $1 billion compared to August.
Asian stock markets recorded just $529 billion in October, the lowest volume since December 2020.
In Europe, volumes fell to the lowest level in October 2020 to just $17.7 billion. European volumes were down more than 20% from the previous month.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!