Spot Market Trading Volume Falls to Lowest Level in 3 Years
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As a result of the fact that investor activity has been waning since mid-December, the Bitcoin Volatility Index is at its lowest level in 4 years.
According to The Block, the daily trading volume of digital currencies has also been declining over the past few days.
The daily turnover of cryptocurrencies has remained below $10 billion for two weeks, which is the lowest level since December 2020.
According to analysts, on December 24 the amount of transactions with digital assets fell to $9.91 billion, then on December 27 it decreased to $8.53 billion.
Trader activity picked up in 2021 and remained strong this year. The average daily trading volume on the spot market ranged from $15 billion to $30 billion.
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