Arcane Research: Binance trading volume is at its lowest point since last summer, Bitcoin fell 64% last year

According to Bloomberg, Arcane Research’s Bendik Schei and Vetle Lunde said that Binance’s trading volume is at its lowest point since last summer, while trading volumes on other platforms outside the platform are also low. Some of the slump can be blamed on the holidays and U.S. markets being closed during the period. Cryptocurrencies will not fare well in 2022 as many key projects in the industry go under fire, losing billions of dollars. Bitcoin fell 64% last year, its second-worst annual performance on record, while many other coins fared worse.