10x Research: Cryptocurrency Market Trading Volume Hits New Low Since 2022

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On March 30, research firm 10x Research reported on platform X that the trading volume in the cryptocurrency market has reached a new low since 2022. Currently, the total market capitalization of the crypto market stands at $2.3 trillion, down 1.7% from last week, with an average weekly trading volume of $90 billion, a decrease of 7% from the average. Among these, Bitcoin’s weekly trading volume is $38.2 billion, which is 5% lower than the average; Ethereum’s weekly trading volume is $18.3 billion, 18% lower than the average. The Ethereum network fees (0.12 Gwei) are at 17%, indicating low network usage. Additionally, the Bitcoin funding rate increased by 4.1% this week to 1.5%, which is at the 13% level of the past 12 months, with open interest in futures rising by $100 million to $21.5 billion. The Ethereum funding rate rose by 3.7% this week to 2.8%, at the 12% level of the past 12 months, with open interest in futures also increasing by $100 million to $11.8 billion.

BTC0,15%
ETH1,58%
GWEI0,07%
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