Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles...
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto Markets Face New Lows Cryptocurrency markets lost billions on Sunday, as the price of the leading crypto asset bitcoin (BTC) slid from $49,800 to a low of $44,070 per unit. BTC lost 5.5% today and during the past seven days, bitcoin shed more than 20% in value. Bitcoin (BTC) dominance levels....
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Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest has declined, and investors may be waiting on the sidelines for lower prices.
April’s Crypto Market Spot Volumes Slip Close to 19% Lower Than Last Month
The crypto economy ended the month of April in the red, as most digital....
Digital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value After Heating Up the Day Prior Bitcoin (BTC) has dropped in value during the most recent trading sessions, as the price per BTC slid from $63,299 to $60,042 losing 5% in value. However, the price rebounded a hair and currently, BTC is exchanging hands between $60,900 to $61,100 per unit. BTC/USD on....
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the last two months as well.
Crypto Volumes Slide Month-Over-Month Since November
When crypto markets shed significant value, traders typically look to see if trade volume increases in order to support the current prices.....
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during the past day. While the exchange volumes soared, the trading platforms Coinbase and Kraken reported the exchanges suffered from connectivity problems.
Tuesday’s Crypto Exchange Volume Jumps 183% Higher Than Last Week, Top 5 Exchanges Record More Than....
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. Nigerian Crypto Traders Get Creative Still, the increasing trades on informal platforms have also led to increased reports of users losing money to con artists. Moreover, with the CBN seemingly eager to see volumes of crypto trades plummet, Nigerian users had....