Cryptocurrencies

Highlights of 2023 4th quarter crypto market insights

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The final quarter of 2023 witnessed notable position changes among the top 30 cryptocurrencies, with increased transactional activity compared to the previous quarter.

The average daily trading volume in Q4 2023 surged to $75.1 billion, marking a significant 91.9% increase quarter-over-quarter.

The overall trading volume for 2023 decreased to about 70% of the previous year, with a daily average of $58.9 billion.

Significant movements in market capitalisation rankings included Solana (SOL) rising to 5th position, while Hedera (HBAR), Binance USD (BUSD), Monero (XMR), and True USD (TUSD) dropped out of the top 30.

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