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Amidst Crypto Market Revival October Sees Lowest Daily Trading Volumes: Report

Amidst Crypto Market Revival October Sees Lowest Daily Trading Volumes: Report

October 28, 2022 by Saeed Ul Hassan Despite the fact that the crypto market has shown signs of revival this month, with Bitcoin and Ethereum topping $20,000 and $1,500, respectively – October 2022 had one of its lowest daily trading volumes since 2020. The average daily trading volume for institutional digital asset products fell by 34.1% to $61.3 million this month, according to a research report released on October 27th by CryptoCompare, a global cryptocurrency market data provider.  However, the decline in daily trading is not new to the recent market turbulence. In September 2020, the average daily trading volume dipped below […]