bitcoin
Bitcoin (BTC) $ 21,402.00
ethereum
Ethereum (ETH) $ 1,234.12
tether
Tether (USDT) $ 0.999342
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 241.29
xrp
XRP (XRP) $ 0.370242
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.505459
solana
Solana (SOL) $ 42.38
polkadot
Polkadot (DOT) $ 8.21

Arcane Research: 43% of Cryptocurrency Trading Volume Allegedly Settled in the US

Market hours in the United States coincide with almost half of the cryptocurrency trading volume, analysts at Arcane Research found out.


According to the analyst firm, trading coincides with US trading hours, even on weekends.

“Trading activity tends to immediately pick up as the US stock market opens, with performance being tightly correlated to that of the S&P 500.”

image

This indirectly suggests that US traders dominate the cryptocurrency market in terms of trading volume. According to the report by Arcane Research, a trend towards an increase in the share of US traders in the crypto market has been observed since the second half of 2021. From November 1, 2021 to January 16, 2022, the share of US traders increased from 36% to 43%. This also led to an increase in the correlation between the price and S&P500. The correlation stands currently at its highest level since October 2020.

Arcane analysts also drew attention to the fact that US traders are most active at the beginning of the working week. Thus, up to 50% of the volume of trading in bitcoins accounted for the last three Mondays and Tuesdays of 2021.

Share:

Leave a Reply

Your email address will not be published.

Recent Highlights

USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 21,402.00
ethereumEthereum (ETH)
$ 1,234.12
tetherTether (USDT)
$ 0.999342
xrpXRP (XRP)
$ 0.370242
litecoinLitecoin (LTC)
$ 56.49
dogecoinDogecoin (DOGE)
$ 0.068078
bitcoinBitcoin (BTC)
20.361,01
ethereumEthereum (ETH)
1.174,09
tetherTether (USDT)
0,950734
xrpXRP (XRP)
0,352233
litecoinLitecoin (LTC)
53,74
dogecoinDogecoin (DOGE)
0,064767
bitcoinBitcoin (BTC)
17,577.25
ethereumEthereum (ETH)
1,013.57
tetherTether (USDT)
0.82075
xrpXRP (XRP)
0.304076
litecoinLitecoin (LTC)
46.39
dogecoinDogecoin (DOGE)
0.055912

Recent Highlights