Cryptocurrency prices fell in December as Bitcoin and Ethereum closed the month at $46,197 and $3,676 (down 18.9% and 20.6% since November respectively). Spot volumes also decreased to $2.6tn. A daily maximum of $174bn was traded on December 4th, up 32.6% from the intra-month high in November.
- Bitcoin closed the month at $46,197 (-18.9% from November) - its largest month-on-month loss since the crash in May 2021, when it fell 49.2% from a high of $58,943 to $29,925 in just 19 days.
- CME BTC futures volumes experienced their biggest monthly decrease - falling 77.4% to $11.0bn.
- Spot volume from the 15 largest Top-Tier exchanges decreased 22.6% compared to November, with spot volumes totalling $1.4tn.