HomeCryptocurrencyBitcoin trading volume in the first quarter of 2022 is 60%...

Bitcoin trading volume in the first quarter of 2022 is 60% lower than first quarter of 2021

The overall downtrend in the crypto market has affected Bitcoin trading volume. Market data shows that Bitcoin trading volume in the first quarter was less than half that of the same period last year.

Bitcoin’s move at low levels is the biggest factor

Many cryptocurrencies lost value significantly in the first two months of 2022. While the figures for the second half of March indicated a steady upward trend in prices, the gains were not large enough to offset the heavy losses recorded between January and February.

The effect of this falling market also affected the transaction volume.

bitcoin işlem hacmi düştü

Bitcoin transaction volume in the first quarter of 2022

Investor interest in Bitcoin has plummeted, as has the crypto market. The flagship cryptocurrency‘s trading volume has dropped from around $6.02 trillion in the first quarter of last year to $2.42 trillion, down by $3.6 trillion between January and March this year.

A breakdown of these figures shows that combined trade volume in the first quarter of 2022 was only slightly above average for the first three months of 2022.

Bitcoin transaction volume exceeded US$2.15 trillion and US$2.26 trillion in the last two months of last year, exceeding US$2 trillion. The corresponding figures for this year fell to $923 billion and $671 billion, respectively.

Mehmet S. Kaya
Mehmet S. Kayahttps://teknonel.com
Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.


Please enter your comment!
Please enter your name here

Best Deals Today

Follow us on Social Media!


Related Articles

Explore More Articles

Construction Simulator 2022 How to make money fast2-min

Construction Simulator 2022: How to make money fast?

Construction Simulator is a new simulation game that has just been released. Lots of players struggle to get started this fairly complex game and...
There might be more water in Earth's Mantle than on Surface main-min

There might be more water in Earth’s Mantle than on Surface

The deepest known trench on Earth is about 11 kilometers below sea level, however analysis of a diamond coming from the Earth's ultradeep areas...
Semiconductor Industry Governments and Tech Giants are in a race-min

Semiconductor Industry: Governments and Tech Giants are in a race

Semiconductors have sparked wars between global giants, and are also the focus of governments of various countries. Due to the difficulty and expensiveness of...
Best Harvester Mod in Farming Simulator 22-min

4 Best Harvesters in Farming Simulator 22

Harvesters are one of the complex machineries of the Farming Simulator 22. Even thought the base game offers great harvesters for players, there are...