{"id":149059,"date":"2023-09-03T19:56:26","date_gmt":"2023-09-03T14:26:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149059"},"modified":"2023-09-03T19:56:26","modified_gmt":"2023-09-03T14:26:26","slug":"bitcoin-ethereum-trading-volumes-headed-for-worst-quarter-since-2019-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-ethereum-trading-volumes-headed-for-worst-quarter-since-2019-crypto-news\/","title":{"rendered":"Bitcoin, Ethereum Trading Volumes Headed for Worst Quarter Since 2019 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\"><span class=\"link\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-bitcoin-four-minute-instant-guide-explainer\" class=\"sc-adb616fe-0 ePvUAp\">Bitcoin<\/a><\/span>&#8216;s spot trading volumes for the current quarter have totaled $721.10 billion, according to CoinGecko <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\/historical_data#panel\" class=\"sc-adb616fe-0 ePvUAp\">data<\/a>.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">If September&#8217;s volumes mirror those of July and August, it will mark the lowest trading volumes for a quarter since Q1 2019. Quarterly trading volumes hovered over $2 trillion for most of the time between 2019 and 2023.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Over the previous two months, Bitcoin saw trading volumes of $345.89 billion and $354.84 billion, respectively.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">If conditions remain unchanged and September&#8217;s volumes hover around $350 billion, the quarterly trading volumes would come close to $1.05 trillion.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">For comparison, last quarter, the total quarterly trading volumes were $1.25 trillion, marking a potential 14% decline month over month.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">CoinGecko data shows that the total trading volume for Bitcoin in the first quarter of 2019 was $541.3 billion.<\/p>\n<figure class=\"w-full max-w-full mt-4 overflow-hidden\"><span style=\"overflow:hidden;width:initial;height:initial;background:none;border:0;margin:0;padding:0;position:relative\"><span style=\"width:initial;height:initial;background:none;border:0;margin:0;padding:0;padding-top:59.209486166007906%\" \/><img decoding=\"async\" alt=\"A chart with blue bars. \" loading=\"lazy\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;padding:0;border:none;margin:auto;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain\" class=\"absolute inset-0 box-border p-0 border-0 m-auto block w-0 h-0 min-w-full max-w-full min-h-full max-h-full object-contain\" src=\"https:\/\/img.decrypt.co\/insecure\/rs:fit:1536:0:0:0\/plain\/https:\/\/cdn.decrypt.co\/wp-content\/uploads\/2023\/09\/image-3.png@webp\" \/><\/span><figcaption class=\"m-0 text-left gg-dark:text-neutral-200 scene:font-itc-avant-garde-gothic-pro scene:text-neutral-700 scene:font-light scene:mt-1\">Bitcoin quarterly trading volumes. Source: CoinGecko.<\/figcaption><\/figure>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin quarterly trading volumes. Source: CoinGecko.<\/p>\n<h2 class=\"sc-2ed2039d-2 hmmXcn gg-dark:text-white scene:font-itc-avant-garde-gothic-pro scene:font-light\" style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\">Ethereum paints the same picture<\/h2>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The conditions are similar for <span class=\"link\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/resources\/what-is-ethereum-quickly-explained-four-minute-guide\" class=\"sc-adb616fe-0 ePvUAp\">Ethereum<\/a><\/span> (ETH).<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In July and August, ETH recorded trading volumes of $232.06 billion and $212.92 billion, respectively.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">If Ethereum\u2019s September trading volumes reach approximately $220 billion, the cumulative quarterly trading volume for ETH would be just over $650 billion, a level not seen since 2019.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In Q4 2019, the total spot trading volumes for ETH amounted to $740.64 billion.<\/p>\n<figure class=\"w-full max-w-full mt-4 overflow-hidden\"><span style=\"overflow:hidden;width:initial;height:initial;background:none;border:0;margin:0;padding:0;position:relative\"><span style=\"width:initial;height:initial;background:none;border:0;margin:0;padding:0;padding-top:56.56108597285068%\" \/><img decoding=\"async\" alt=\"A chart with blue bars. \" src=\"image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-nimg=\"responsive\" class=\"absolute inset-0 box-border p-0 border-0 m-auto block w-0 h-0 min-w-full max-w-full min-h-full max-h-full object-contain\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;padding:0;border:none;margin:auto;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain\" \/><img decoding=\"async\" alt=\"A chart with blue bars. \" loading=\"lazy\" data-nimg=\"responsive\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;padding:0;border:none;margin:auto;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain\" class=\"absolute inset-0 box-border p-0 border-0 m-auto block w-0 h-0 min-w-full max-w-full min-h-full max-h-full object-contain\" src=\"https:\/\/img.decrypt.co\/insecure\/rs:fit:1536:0:0:0\/plain\/https:\/\/cdn.decrypt.co\/wp-content\/uploads\/2023\/09\/image-4.png@webp\" \/><\/span><figcaption class=\"m-0 text-left gg-dark:text-neutral-200 scene:font-itc-avant-garde-gothic-pro scene:text-neutral-700 scene:font-light scene:mt-1\">Ethereum quarterly trading volumes. Source: CoinGecko.<\/figcaption><\/figure>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Ethereum quarterly trading volumes. Source: CoinGecko<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">According to a previous CoinGecko report, spot trading volumes for the entire crypto market on centralized crypto exchanges <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/149028\/crypto-trading-dropped-43-in-q2-despite-climbing-bitcoin-ethereum-prices\" class=\"sc-adb616fe-0 ePvUAp\">dropped<\/a> by 43% in the second quarter of 2022.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Institutional trading firm Genesis Trading <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/decrypt.co\/151991\/crypto-derivatives-are-industrys-next-key-source-growth-says-genesis-trading\" class=\"sc-adb616fe-0 ePvUAp\">said<\/a> in its last quarter report that derivatives will likely play a crucial role in the future growth of crypto volume, with \u201cspot market liquidity suffering and spot order book depth chronically flagging.\u201d<\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-left p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\" \/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\" \/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl mb-6 md:text-center gg-dark:text-white\">Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8216;s spot trading volumes for the current quarter have totaled $721.10 billion, according to CoinGecko data. If September&#8217;s volumes mirror those of July and August, it will mark the lowest trading volumes for a quarter since Q1 2019. Quarterly trading volumes hovered over $2 trillion for most of the time between 2019 and 2023. Over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":149060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-149059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149059"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149059\/revisions"}],"predecessor-version":[{"id":149062,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149059\/revisions\/149062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/149060"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}