Tether beats Bitcoin to most traded cryptocurrency in January
Tether is currently the world’s most traded cryptocurrency, having jumped by 61 per cent in the last one month, according to a ranking done by Bitcoin Casinos.
Following the crash in the cryptocurrency market in the last half of 2022, the industry experienced a significant spike in prices of cryptocurrencies in the beginning of this year.
Bitcoin’s monthly trading volume jumped 126 per cent and surpassed above $23,000 for the first time in six months.
The American gambling website, Bitcoin Casinos, focused on data between December 2022 till January 31 of this year.
According to Bitcoin Casinos, Tether is currently the most traded digital coin in the world.
Its trading volume jumped by 61 per cent between December 2022 and January 2023, an increase from $603.6 billion and $977.1 billion.
Meanwhile, Bitcoin was ranked second, with its monthly trading volume surging by 126 per cent to begin the year on a positive note.
The world’s largest and most expensive crypto, Bitcoin’s trading volume hit $950.6 billion last month, up from $420.1 billion in December.
Binance USD, Ethereum and Cryptonex complete the top five with their monthly trading volume hitting $319.9 billion, $288.2 billion and $179.4 billion respectively as at January 31.
Completing the top 10 are USD coin ($133.9 billion), Aptos ($84.4 billion), XRP ($42 billion), Shiba Inu ($34.8 billion) and WETH ($32.3 billion).
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Buhari regime assures Nigeria Air will fly before May 29
Mr Sirika said the national carrier would create numerous jobs and better opportunities in the industry when fully established.
Lagos
Court sentences four to death by hanging for kidnapping, armed robbery
Justice Lateef Lawal-Akapo held that the prosecution proved the charges of conspiracy, robbery and kidnapping against the convicts beyond all reasonable doubt.
Economy
Naira weakens further at I&E window, exchanges at 469.50 per dollar
The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday.
Politics
PDP names caretaker committee for Katsina chapter after sacking SWC
Mr Ologunagba said that the committee was expected to run the affairs of the party in the state for a period not exceeding 90 days.
Politics
My suspension is Ayu’s “last kick of a dead horse”: Fayose
He said in a matter of days, the “inglorious tenure” of Mr Ayu as national chairman of PDP will become history and the party will enjoy a new lease of life.
Politics
Keyamo: Oby Ezekwesili warns Buhari regime against arresting Obi, Datti
Mrs Ezekwesili warned the Buhari regime and SSS against actioning Mr Keyamo’s “foolish ideas.”
