Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the last two months as well.
While November saw $1.4 trillion, December saw a recorded $1.04 trillion. While data is incomplete for the month of January 2022, so far $593 billion in volume has been settled. Even though November’s spot market volume was larger than December’s and the three weeks of January, the $2.23 trillion in volume recorded in May 2021 was double the size.has followed the same pattern as daily crypto trade volumes are lower than they were two months ago.
On November 2, 2021, $53.27 billion was settled that day, while data from January 22, 2022, shows $24.65 billion. While monthly and daily crypto-asset spot market volumes have dipped, the same can be said for derivatives markets like futures and options.
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This reduction in liquidity is done by large corporations and governments to plunder the small capital of ordinary people, the 2% community whose profits come from the pockets of the people. Of course with the help of large exchange offices around the world
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