Crypto exchange volumes hit 23-month low
Cryptocurrency exchange volume in October was just $543 billion — down from $733 billion in September — according to The Block's data dashboard. The last time levels were this low was in December 2020, when they came in at $385 billion. (The same month, bitcoin hit multiple new all-time highs, trading above $28,000.)
October marked six months since the crypto downturn began and five months since the high-profile TerraUSD collapse. Prices were stagnant for most of the month before rallying last week. Volatility hit its lowest levels since July 2020 in October. North American volumes fell to just over $78 billion. Coinbase accounted for the majority of volumes in this region, with around 60% of the volumes — $46.9 billion — flowing through the exchange.
Source
https://t.me/CryptoMarketUpdates
