According to data from CoinGecko, January 9-10 held at 03:00 CET between closing days The transaction volume, which was approximately 83 billion dollars, increased by 40 percent, reaching 114 billion dollars between 10-11 January.
During this time, the overall value of the cryptocurrency market slumped to $2,048 trillion, with the bitcoin price pulling back as much as 39,600.
It is thought that such an increase in the transaction volume means that people buy by taking advantage of the decrease.
Even if the price is short your 40 thousand dollars The fall below caused a panic in the crypto money market. Although many people on social media predict that the levels of 29-30 thousand dollars will come, the price of Bitcoin will recover. 42 thousand dollars level got on it. This situation caused some relief in the cryptocurrency market.
Investors, the Federal Reserve Since they think that the consequences of the interest rate increase will be bad. They are said to be worried.
bitcoin at time of writing price 42,300 is around the dollar.
Other major cryptocurrencies; Ethereum (ETH) is trading at $3,142, Binance Coin (BNB) at $441, Solana (SOL) at $138, and Polkadot (DOT) at $24.4.