According to the latest data, the cryptocurrency industry continues to grow rapidly around the world. The data indicate that the volume of crypto trading has increased as much as 43,99 percent, reaching over $102 billion.
This is a great new achievement for the crypto industry, showing that even though the prices have been down over the past few weeks, the interest in the crypto market has not fallen whatsoever.
The new spike in the crypto trading volume was possible due to the fact that many traders around the world tried to find ways to take advantage of the low prices in the crypto market. Almost all major cryptocurrencies have shown negative performance recently, which has been used by some traders for making quick profits.
However, while the crypto market has seen a massive increase in volume, the global crypto market cap has shown a decrease of about 0.6 percent. At the time of writing, it stands around $1.96 trillion.
The recent market data indicates that the cryptocurrency industry continues to develop and grow around the world. Recently, it was announced by Signal, which is a highly-secure global chat, that it was going to start a new partnership program with MobileCoin.
As a result of this, over 40 million clients of the company will be able to send and receive payments using the MobileCoin crypto. This is a huge step forward for the future development of the crypto industry, allowing people to send and receive cryptocurrencies in just a few clicks.
Crypto Prices Drop
While there are numerous positive developments around the world, the price of the largest cryptocurrency, bitcoin, seems to be having a hard time in the market. Over the past few days, the price of BTC dropped significantly and at one moment, the price dropped to around $40,000.
Other cryptocurrencies have also had a bad performance in the market, with assets such as ethereum, Cardano, and many others, dropping in price.
While the recent price movements in the market were negative, this does not mean that the cryptocurrency industry is not performing well. For a long time now, it has become very natural for cryptocurrencies to experience massive price swings over some period of time.
The so-called meme cryptocurrencies have also experienced price drops over the past few weeks, with Dogecoin’s price being down by 4 percent and Shiba Inu being down by 4.4 percent.
2021 was a very successful year for the crypto industry in terms of price performance. Many things happened throughout the year, and even though there were some negative developments as well, many of the cryptocurrencies in the market managed to perform quite well throughout the year.
Some of the market experts believe that the same trend might be seen in 2022 as well, with cryptocurrencies reaching new heights.
Demand on Crypto Services Still High
While it is true that the prices of many cryptocurrencies have dropped over the past few weeks, the demand for crypto services has not slowed down. In fact, in many different parts of the world, there are more people who show interest in the crypto trading markets.
There are many reasons making cryptocurrencies so popular among investors around the world. One of the biggest reasons is that it has become a very easy thing to get started in the market. Today, all it takes for crypto traders to start investing is to open an account with one of the exchanges, deposit funds and start buying and selling cryptocurrencies with their smartphones.
Further supporting the growing popularity of crypto trading globally are the automated trading robots available in the market. These bots make it possible for traders to make profits without having to analyze the price movements on their own.
There are many companies that have created crypto trading robots, a great example being Bitsgap. This crypto trading platform offers traders an automated trading robot that is able to analyze huge chunks of data in a short period of time. Known as one of the top bitcoin trading bots, Bitsgap not only analyzes the market but can also fully automate the trading process.
Bitsgap is known for offering traders numerous updates and frequent additions to its services. Thanks to this, the company ensures that it keeps up with the developments and main trends in the crypto trading industry.
Using crypto trading robots can be very useful for traders in all different market conditions. Thanks to automated crypto trading, you do not have to sit in front of your computer the whole day and watch the price movements.
The crypto trading robot can automatically conduct market analyzes and also make moves whenever there are profitable opportunities in the market. This way, you can ensure that you do not miss out on major events in the crypto trading market.
The cryptocurrency market continues to develop very fast around the world. It is clear that the interest of individuals has increased dramatically over the past few years, with people from all parts of the globe showing an increased interest in the crypto industry.