Global cryptocurrency trade volumes have dropped significantly since the beginning of the year

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Global cryptocurrency trade volumes have dropped significantly since the beginning of the year. According to archived coingecko.com statistics, the global trade volume for the 24-hour period on Jan. 2, 2022, was approximately $70.48 billion. Today’s global 24-hour volume is $22.95 billion, or 67.43% less. Furthermore, on January 1, 2023, 71.63% of all trades were paired with stablecoins from the cryptocurrency economy.

While all stablecoins currently account for $16.44 billion in trade volume, tether (USDT) commands $12.45 billion, accounting for 71.63% of the total on January 1, 2023. On December 15, two weeks ago, the global trade volume was $54.78 billion, with stablecoins accounting for the vast majority of those transactions. Since January 2022, cryptocurrency trade volumes have been declining, with monthly highs in May, September, and November 2022.

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Global cryptocurrency trade volumes have dropped significantly since the beginning of the year

Global cryptocurrency trade volumes have dropped significantly since the beginning of the year. According to archived coingecko.com statistics, the global trade volume for the 24-hour period on Jan. 2, 2022, was approximately $70.48 billion. Today’s global 24-hour volume is $22.95 billion, or 67.43% less. Furthermore, on January 1, 2023, 71.63% of all trades were paired with stablecoins from the cryptocurrency economy.

While all stablecoins currently account for $16.44 billion in trade volume, tether (USDT) commands $12.45 billion, accounting for 71.63% of the total on January 1, 2023. On December 15, two weeks ago, the global trade volume was $54.78 billion, with stablecoins accounting for the vast majority of those transactions. Since January 2022, cryptocurrency trade volumes have been declining, with monthly highs in May, September, and November 2022.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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