In April, global bitcoin trading volume collapsed by 58%. In monetary terms, this is $700 billion less than in March, when the first cryptocurrency’s total trading volume was $1.2 trillion.

Global Bitcoin trading volume collapsed by 58% in April

Total world bitcoin trading volume in April fell 58% to $492.9 billion, writes BitcoinCasinos. In March, this amount was $1.2 trillion, that is, in monetary terms, the drop exceeded $700 billion.

In mid-April, the bitcoin rate reached its highest value since June 2022 at $30.4 thousand. The publication notes that the drop in bitcoin transaction volume may indicate investors’ desire to transfer money to other assets of cryptocurrencies.

In April, the volume of transactions for all key cryptocurrencies fell, which is unusual for this month, the portal emphasizes. The total volume of transactions with the Tether cryptocurrency fell 38%, Ethereum – 28%.

In the first quarter of 2023, bitcoin miners’ revenue grew 28% to $1.98 billion, while their revenue grew 72%.


Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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