CryptoCompare Asset Report January 2022

Report Summary

The digital asset markets fell throughout the month of December and were outperformed by traditional markets, with the price of ETH retreating the most (-20.6% to $3,676). This decline reflects wider financial uncertainty associated with Omicron and its effect on inflation

January Highlights

  • Bitcoin’s price declined 16.7% in January to $36,945, ending the month with a market capitalization of $711bn at the end of the month. This included an intra-month low of $32,990, a six-month low for the cryptocurrency.
  • Monthly volumes across the two largest markets Bitcoin markets (BTC/USD and BTC/USDT) fell 22.3% to $132bn and 10.4% to $45.6bn respectively.
  • Total USDT volumes for the top five digital assets fell below 300bn for the first time since July 2021. All  USDT volumes decreased by more than 20% except ADA, which fell just 1.5%.
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