Bitcoin Trading Volume Plummets Down From Recent Top
Data shows the Bitcoin spot trading volume has once again come back down to normal values for 2022 after the big surge recently. Bitcoin Trading Volume Falls Back Down To Values Around $4 Billion As per the latest weekly report from Arcane Research, the Bitcoin trading volume has plummeted back down after the recent high values. The “daily spot trading volume” is an indicator that measures the total amount of Bitcoin moving on the chain on any given day. When the value of this metric goes up, it means the number of coins changing hands on the network is increasing. Such a trend....
Related News
Trading volumes continue to break records in Mexico as citizens look for ways to escape Peso inflation, lack of financial services and the recent 20% gasoline price hike. Mexico Wants Bitcoin. Just last month, Mexican exchange Bitso reported record-breaking trading volume in the BTC/MXN market. Fueled by the recent BTC price surge and the economic uncertainty that rules the country, citizens are turning to Bitcoin as a means to protect their savings from the peso’s steady decline, which has been ongoing for the past three years. CEO Pablo Gonzalex noted the surging volume in a tweet, The....
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains.
New Crypto Tax Rules in Effect
The new crypto tax rules entered into force on April 1 after the country’s parliament approved Finance Bill 2022. A flat tax of 30% now applies to crypto income with no deductions or loss offsets allowed.
On April 1, crypto exchanges in India began seeing sharp declines in trading volumes. Aditya Singh, who runs the Youtube....
Data shows the Bitcoin spot trading volume has dropped down almost 60% since the recent high, suggesting activity has severely fallen. Bitcoin Weekly Trading Volume Rises Sharp, And Then Falls Hard As per the latest weekly report from Arcane Research, the BTC spot volume recently observed a drop of around 58.7% in just nine days. […]
Only weeks ago, it seemed impossible for the digital art market to cool off. Throughout February, the non-fungible token (NFT) craze was in full spotlight, with the mania reaching its peak with the record setting $69 million Beeple auction. At its height, even Tesla’s CEO Elon Musk tweeted about selling his NFT. But as the novelty began to wear off and speculators moved on, the NFT market has been in a continuous downtrend. Sales figures […]
An ongoing debt crisis at lending platform BendDAO is also increasing the risks of the NFT bubble going bust. OpenSea, the world's largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in daily volumes as fears about a potential market bubble grow.OpenSea volume plummets to yearly lowsNotably, the marketplace processed nearly $5 million worth of NFT transactions on Aug. 28 — approximately 99% lower than its record high of $405.75 million on May 1, according to DappRadar.OpenSea users, volume, and transactions statistics. Source: DappRadarThe massive declines in....