Crypto trading hits busiest trading pace since June 2022
Spot trading volumes on centralised crypto exchanges rose for the fourth consecutive month in January, reaching levels not seen since June 2022, as the approval of the Bitcoin ETF reignited interest in the digital asset. According to CCData, trading volume increased by 4.45 per cent to $1.4 trillion compared to December. Bitcoin (BTC) prices spiked ahead of the ETF's approval on 10 January, but have mostly fallen since then.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Whale increases short positions on BTC with unrealized losses nearing $5.8 million, only 3.7% away from liquidation
Bitwise executive: "Fat apps" may become the mainstream narrative in a few months
Scroll DAO governance suspended, team is redesigning governance
The probability of Native Market winning the Hyperliquid stablecoin USDH auction prediction rises to 93%
Trending news
MoreCrypto prices
More
