bullish

Bitcoin

The 10 Defining Market Events of 2022

628 Views27 Dec 2022 09:40
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SUMMARY
  • 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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