Daily trading volume on spot bitcoin exchanges fell below $10 billion


The average daily trading volume on spot exchanges fell below $10 billion for the first time since December 2020. This is evidenced by the data of The Block.

As of December 27, the smoothed 7-day moving average was $8.53 billion.

In December, the total trading volume on NFT-marketplaces continued to fall. OpenSea, the dominant platform in the segment, had an indicator of $240.86 million against $253 million in November.

Earlier, Nansen researchers found out that the trade turnover of non-fungible tokens based on Ethereum since the beginning of 2022 amounted to $23.7 billion.

Recall that in December, the co-founder and former head of the BTCC exchange, Bobby Lee, allowed the return of the bull market of cryptocurrencies by the beginning of 2025.

Prior to that, Galaxy Digital founder Mike Novogratz repeated his forecast of bitcoin's growth to the $500,000 mark. According to him, now the asset will need more than five years to achieve the goal due to significant changes in the macroeconomic situation.

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