The crypto market witnessed a number of challenges within the first quarter of 2022. From geopolitical points to regulatory uncertainties, main world occasions had a major affect on the value of Bitcoin and different digital belongings.
Cryptocurrency buying and selling platform, EXMO not too long ago revealed its Q1 2022 crypto market report and highlighted a pointy decline in buying and selling volumes throughout the digital asset market. For the reported interval, buying and selling volumes decreased by nearly 26% in comparison with the earlier quarter.
So far as the crypto market cap is worried, the quantity declined by over 4% within the current quarter. Main digital currencies like Bitcoin and Ethereum suffered main corrections throughout the previous 3 months.
“Within the first quarter of 2022, cryptocurrency market capitalization decreased by 4.2%. Nevertheless, regardless of the autumn noticed in January, the market managed to nearly absolutely get better throughout the subsequent two months and topped the $2 trillion mark once more. Buying and selling volumes for the reporting interval decreased by 1 / 4 in comparison with the earlier quarter. Gradual market development was accompanied by a slight improve in buying and selling exercise,” EXMO’s report famous.
“The median worth of the Cryptocurrency Concern & Greed Index stood at 25 factors, belonging within the “Excessive concern” zone. In the course of the reported quarter, there have been only some short-term durations of improve in market sentiment, with the index transferring into the “Impartial” zone,” the report added.
Crypto Inflows
Regardless of challenges, web inflows in crypto funding merchandise remained constructive throughout the first quarter of 2022. In line with EXMO, web inflows for the reported interval got here in at $490 million, led by Bitcoin funding merchandise with inflows of $342 million.
Ethereum took a serious hit within the current quarter as ETH-related funding merchandise witnessed outflows price $113 million. Nevertheless, digital asset Solana noticed appreciable development within the first quarter with inflows of greater than $100 million.
The crypto market witnessed a number of challenges within the first quarter of 2022. From geopolitical points to regulatory uncertainties, main world occasions had a major affect on the value of Bitcoin and different digital belongings.
Cryptocurrency buying and selling platform, EXMO not too long ago revealed its Q1 2022 crypto market report and highlighted a pointy decline in buying and selling volumes throughout the digital asset market. For the reported interval, buying and selling volumes decreased by nearly 26% in comparison with the earlier quarter.
So far as the crypto market cap is worried, the quantity declined by over 4% within the current quarter. Main digital currencies like Bitcoin and Ethereum suffered main corrections throughout the previous 3 months.
“Within the first quarter of 2022, cryptocurrency market capitalization decreased by 4.2%. Nevertheless, regardless of the autumn noticed in January, the market managed to nearly absolutely get better throughout the subsequent two months and topped the $2 trillion mark once more. Buying and selling volumes for the reporting interval decreased by 1 / 4 in comparison with the earlier quarter. Gradual market development was accompanied by a slight improve in buying and selling exercise,” EXMO’s report famous.
“The median worth of the Cryptocurrency Concern & Greed Index stood at 25 factors, belonging within the “Excessive concern” zone. In the course of the reported quarter, there have been only some short-term durations of improve in market sentiment, with the index transferring into the “Impartial” zone,” the report added.
Crypto Inflows
Regardless of challenges, web inflows in crypto funding merchandise remained constructive throughout the first quarter of 2022. In line with EXMO, web inflows for the reported interval got here in at $490 million, led by Bitcoin funding merchandise with inflows of $342 million.
Ethereum took a serious hit within the current quarter as ETH-related funding merchandise witnessed outflows price $113 million. Nevertheless, digital asset Solana noticed appreciable development within the first quarter with inflows of greater than $100 million.
