Traders still love ETH. The Ether to USD pair pulled the biggest number of traders from January to March 2022, according to trading platform capitalcom. (Reporting via ezrareguerra)
) to USD pair. However, the ETH/USD pair has taken the spot for most traders within the trading platform for the first time.
The quarterly report noted that crypto turnover has gone up by 93% in the quarter. Despite the positive statistic, the report admits that the increase in revenue does not reflect the broader market trends because the number was reached because of a few single-day spikes in volume. Capital.com has also highlighted that the broader market is currently in a state of disinterest. According to Capital.com’s chief analyst David Jones, the Bitcoin downtrend from November to January has influenced retail traders’ interest in crypto. Additionally, the analyst mentioned that crypto traders are “herd creatures” driven by momentum.
After high investor participation in the month of January, the following months showed a decline. In February, digital asset traders on the platform went down by 16%. In the next month, the number dropped by another 10%.
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