According to the data cryptocurrency The trading volume of the stock exchanges increased significantly in September for the first time since May of this year.
Transaction Volume of Cryptocurrency Exchanges Increased by 16% in September
September stock market trading volume rose to $733 billion, up 16% compared to the previous month.
The Real Volume Index reported volumes of $629 billion for June, $633 billion for July and $630 billion for August.
After the crypto market slump that began in May, relatively stagnant monthly volumes for crypto exchanges took place in the summer of 2022.
These volumes were recorded during a turbulent time for the cryptocurrency market.
In May, there was a collapse in the Terra ecosystem, during which the stablecoin TerraUSD (UST) diverged from the US dollar and the price of the management token LUNA fell 97%. The impact of the crash spread across the entire crypto industry, affecting NFTs and crypto miners, among other areas.
The highest total volume ever recorded by crypto exchanges was observed as $2.23 trillion in May 2021. However, in the month in question, Elon Musk and his company Tesla, from now on, bitcoin They ignited the decline of the crypto market by announcing that they would not accept payments via .
In November 2021, when the Bitcoin price reached an all-time high of approximately $69,000, the total trading volume of crypto exchanges was measured as $1.41 trillion.
*Not investment advice.
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