Crypto trading volume in November hits a 5-month low, with significant outflows from Bitcoin ETF
According to ChainCatcher, citing The Block, cryptocurrency market trading volume has shrunk significantly, with monthly trading volume on centralized exchanges dropping to $1.59 trillion, down 26.7% from October and reaching the lowest level since June. Decentralized exchange trading volume also fell to $397.78 billion.
A certain exchange still maintains its market-leading position, but its trading volume dropped from $810.44 billion in October to $599.34 billion. Meanwhile, the price of bitcoin fell from around $110,000 at the beginning of the month to $86,500 at the end of the month. The US spot bitcoin ETF saw a net outflow of $3.48 billion, marking the largest single-month outflow since February this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AMD will make an equity investment in the American quantum computing company PsiQuantum.
BitGo Go Accounts adds support for USDC minting and redemption functions
In the past 90 days, only 31 cryptocurrencies have outperformed Bitcoin, with BTC rising by 16.6%.
Crypto prices
More
