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Daily Crypto Spot Volume Drops Below $10 Billion For First Time Since 2020

December 28, 2022
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Daily spot market volumes on cryptocurrency exchanges fell below $10 billion for the first time since December 2020, according to The Block. Spot trading volume dropped to $9.2 billion on December 25 before continuing to drop to $8.5 billion on December 27.

According to previous news, the last time daily spot trading volume was below $10 billion was on December 17, 2020, when the price of Bitcoin soared above $20,000 for the first time in one day. Bitcoin is now trading at around $16,800.

NFT transactions have also fallen along with crypto transactions, with data showing that NFT sales have fallen every month since April.

Previous ArticleGnosis announces the launch of DEX Gnosis Protocol, using a new ring trading mechanism to improve liquidity
Next Article Over $19 Billion in Crypto Assets Left Centralized Exchanges Since FTX Crash

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