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In January, analysts recorded a record trading volume in the blockchain of the first cryptocurrency; the figure amounted to $1.21 trillion. The last time trading volume on the Bitcoin network rose above $1 trillion was only in September 2022, according to The Block. At that time, Bitcoin (BTC) was trading at around $20,000. Source: The Block According to CoinMarketCap, the first cryptocurrency is trading at $43,089 at the time of writing. Over the past 24 hours, the asset’s price has strengthened by 0.6%. The highest level over the past 24 hours was $43,147 and the lowest was $42,283. Bitcoin’s market capitalization is now $845 billion, with daily trading volume exceeding $15.6 billion. Source: CoinMarketCap The sharp increase in BTC trading volume s was accompanied by the approval of spot Bitcoin ETFs on Jan. 10 by the Securities and Exchange Commission (SEC). On the first day, the volume of exchange trading in new investment instruments exceeded $4.5 billio...

The data Analysis conducted by the Wu team indicates: In December, the spot trading volume of major exchanges rose by 27.4% month-on-month. The top three in terms of percentage change were Gate at 65%, Crypto.com at 50%, and Bybit at 44%. The bottom three were BitMart at -24%, Bitget at -12%, and Upbit at -1%. (Sponsored by NEXO. Sponsorship does not represent the views of WuBlockchain and does not constitute financial advice from WuBlockchain. Readers are requested to strictly abide by local laws and regulations.) For derivative trading volume in December, there was a 22.3% month-on-month increase among major exchanges. The top three in percentage change were Crypto.com at 46%, Bitget at 42%, and Binance at 26%. The bottom three were Mexc at -13%, Huobi at -5%, and Kucoin at 14%. Regarding website traffic for major exchanges in December, there was a 21% month-on-month increase. The top three in percentage change were Mexc at 45%, Bybit at 38%, and Gate at 34%. The bottom three w...

Investor interest in non-fungible tokens (NFTs) has declined significantly for the first time since early November. Despite the market downturn, Solana (SOL) became the second-largest network for the asset class. According to data provided by CryptoSlam, the global NFT sales volume witnessed a 42% plunge in the past 24 hours, falling to $64.3 million. The total number of NFT transactions also declined by 21%, closing down to the 350,000 mark. NFT sales and wash trades volume – Dec. 18 | Source: CryptoSlam The notable plunges come three days after the NFT sales volume hit a 20-month-high of $132.3 million on Dec. 15 — a level last seen in mid-May 2022.  You might also like: FTX proposes plan to end bankruptcy Per CryptoSlam data, while the amount of wash trades declined by 16.5% — currently standing at $6.5 million — the number of wash transactions witnessed a significant surge of 90.7%, surpassing the 30,000 mark in a day. Solana’s rally Ethereum ha...

Coinbase recorded around $76 billion in spot trading volume, showing a sharp decline compared to the same quarter in 2022. The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has dropped by more than half, highlighting a shift in interest in crypto trading.  Citing Analysis from digital asset data provider CCData, mainstream media outlet Bloomberg reported on Oct. 11 that Coinbase registered around $76 billion in spot trading volume . Compared to its quarterly record for the third quarter of 2022, the new data shows a 52% drop in spot trading for Q3 2023. According to the report, the new numbers are the lowest they've ever been since before Coinbase got listed on the Nasdaq Stock Market in 2021, which was also months before the prices of crypto were at their peak. Crypto exchange Coinbase spot trading volume in billions of dollars. Source: Bloomberg Despite the decline in its spot trading volume, the report noted that Coinbase gained...

Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows. Bitcoin (BTC) exchange s have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as time goes by, interest in transacting appears to be fading. CryptoQuant data, which tracks activity on both spot and derivatives exchange s, highlights the extent to which volume s have decreased since BTC/USD entered its current range in March. The past week saw between 8,000 and 15,000 daily spot exchange transactions — a fraction of the standard March daily tally, which exceeded 600,000. For contributing analyst Caue Oliveira, a principal force behind th...