Liquidity evaporating, exchange volume hits lowest level of the year

2023-5-22 13:15

Quick Take Spot market total volume for cryptocurrency exchanges has hit a new low year to date, which further supports the CryptoSlate thesis of lack of liquidity in the market. The current 7-day moving average of exchange volume is $10.4 billion, the lowest level in 2023, which peaked in March at $46.26 billion. The concern isn’t just Bitcoin but Ethereum, USDT, and USDC. Exchange liquidity is drying up considerably, according to Glassnode, with Bitcoin and ETH approaching three-year lows. The same is occurring for USDT and USDC, also heading to new lows since early 2022. As volumes and liquidity continue to head lower, this will only create a more volatile market. Exchange Volume: (Source: The Block) BTC & ETH Deposits: (Source: Glassnode) USDC & USDT: (Source: Glassnode)

The post Liquidity evaporating, exchange volume hits lowest level of the year appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Volume Network (VOL) на Currencies.ru

$ 0 (+0.01%)
Объем 24H $0
Изменеия 24h: -0.02 %, 7d: -0.08 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0001001 (-100%)

volume year market liquidity exchange thesis date

volume year → Результатов: 126


Binance Coin Buying Volume Up – Will This Push BNB Up To $275 Level?

Binance Coin (BNB) had an opportunity for a price rally last week after its parent company finally completed the scheduled token burn for the third quarter of the year. BNB price slightly corrected after going up by almost 4% following the latest burning of Binance tokens Binance established $260 as its support level The altcoin might fall to $250 before continuing its price rally With that, the total number of burned (destroyed) BNB tokens reached 2,065,152, which is worth over $563 million.

2022-10-20 15:45


Фото:

NFT Projects To Keep Tabs On In 2022: Mushe (XMU), ApeCoin (APE), and Axie Infinity (AXS)

2022 has been an interesting year for non-fungible tokens (NFTs). A report has shown that NFT marketplaces have received NFTs worth more than $37 billion in the first half of the year. For comparison, collectors sent $40 billion of non-fungible tokens to NFT marketplaces and other collectors in the whole of 2021. NFT transaction volume […]

2022-6-16 16:48


Global NFT Sales Volume Crashes

As suspected, global NFT trading volume dipped, and the month of March was a difficult one for the NFT space that may prompt the world to reevaluate NFT expectations NFT Ecosystem: Rise and fall The NFT ecosystem has witnessed one of the most insane growths in history, and in the space of one year, the […] The post Global NFT Sales Volume Crashes appeared first on NFT News Today.

2022-4-5 05:32


Bitcoin Trading Volume Has Now Stabilized At High Values, But For How Long?

Data shows the Bitcoin trading volume now seems to be stabilizing at higher values than 2022’s average, but given the trend in the metric this year so far, it may not last too long. 7-Day Average Bitcoin Trading Volume Has Remained Fixed Around $5 Billion Recently According to the latest weekly report from Arcane Research, after staying at low values for much of 2022, the BTC trading volume looks to have found some ground at high values recently.

2022-3-10 22:00


Film industry: one of the biggest contributors in the NFT industry

The annual statistics are evidence of the increasing revenue of the NFT Market. In 2020, the NFT industry made a sale of $94.9 million, which rises to $24.9 million in the year 2021.  Last year brought immense fortune for the NFT industry as numerous NFTs were sold at sky-scraping amounts resulting in a huge volume […] The post Film industry: one of the biggest contributors in the NFT industry appeared first on NFT News Today.

2022-3-1 05:33