In today’s briefing:
- The 10 Defining Market Events of 2022
The 10 Defining Market Events of 2022
- The crypto safe-haven narrative gained traction in the beginning of the year after the start of the Russia-Ukraine war.
- Both ruble and hryvnia trade volumes surged immediately after Russia’s invasion, boosted by record local currency devaluation and market disruptions.
- Interestingly, the increase was mainly driven by stablecoin volumes rather than BTC, with weekly Tether (USDT) volumes jumping more than five-fold in early March relative to the start of the year.
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