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- For instance, ETH began trading on January 1, 2021, at $737.71, achieved a quarterly high of $2,036.29 on February 20, and finished the first quarter of 2021 at $1,918.36. Between the opening and closing prices in Q1 2021, there was a 160 percent gain.
- During the first quarter of this year, the trading volume for Ethereum was over $1.34 trillion. There was a 54 percent reduction in trading volume between January and March 2021, which was at $2.94 trillion.
- Ethereum’s trading volume reached $761 billion in March 2021, with a single-day high of over $31 billion. Ethereum’s trade volume peaked at $436 billion in March 2022, with a single-day high of $20 billion.
Ethereum (ETH) trade volume in the first quarter of 2022 was lower than in the first quarter of 2021 due to the market’s bearish trend. Due to a wider rebound in the crypto finance sector, Ethereum continues to trade below $4,000 as of April 2022. Investor interest in the second-largest digital asset by market value fell in the first quarter of 2022, according to Be[In]Crypto Research.
Ethereum’s Value Are Dropping Together With The Other Cryptocurrency Marketplace
During the first quarter of this year, the trading volume for Ethereum was over $1.34 trillion. There was a 54 percent reduction in trading volume between January and March 2021, which was at $2.94 trillion. The declining trading volume can be attributed to decreased investor interest, which was reflected in the trade of ETH for United States Dollar Tether (USDT) to prevent huge percentage losses.
The trading volume of Ethereum was $1.18 trillion in January 2021, with a single-day high of over $60 billion. Ethereum’s trade volume peaked at $491 billion in January 2022, with a single-day high of around $28 billion.
What Impact Does Have The Drop-In Traffic Had On ETH During Initial Quarters In 2022
The trading volume of Ethereum was $1 trillion in February 2021, with a single-day high of $52 billion. Ethereum’s exchange volume topped at $416 billion in February 2022, with a solitary day high of generally $29 billion. Ethereum’s trading volume reached $761 billion in March 2021, with a single-day high of over $31 billion. Ethereum’s trade volume peaked at $436 billion in March 2022, with a single-day high of $20 billion.
ETH began trading at $3,683.05 on January 1, 2022, reached a quarterly high of $3,876.79 on January 4, and finished the first quarter of the year at $3,281.64. Between the starting and closing prices of Ethereum in Q1 2022, there was a 10% decline. For instance, ETH began trading on January 1, 2021, at $737.71, achieved a quarterly high of $2,036.29 on February 20, and finished the first quarter of 2021 at $1,918.36. Between the opening and closing prices in Q1 2021, there was a 160 percent gain.
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
