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- BTC and ETH are exhibiting historically low levels of weekly trading volume.
- The trading volume has diminished since the onset of the March price rally.
The cryptocurrency market has recently undergone a downward trend. The trading volume of the largest assets by market capitalization is declining to significantly low levels and has recorded historically low weekly trading volumes.
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The largest assets in #crypto are experiencing historically low levels of weekly trading volume. #Altcoin volume, in particular, has significantly decreased. When aggregating just $BTC & $ETH volume, this is the second-lowest threshold observed since September 2019. https://t.co/1V2tPno7jD pic.twitter.com/tegItbDuen
— Santiment (@santimentfeed) May 22, 2023
The largest assets in #crypto are experiencing historically low levels of weekly trading volume. #Altcoin volume, in particular, has significantly decreased. When aggregating just $BTC & $ETH volume, this is the second-lowest threshold observed since September 2019. https://t.co/1V2tPno7jD pic.twitter.com/tegItbDuenSantiment, a social and financial analytics firm, has indicated that Bitcoin (BTC) and Ethereum (ETH) are displaying historically low levels of weekly trading volume. Notably, the altcoin volume has significantly diminished. When combining the volumes of BTC and ETH, this marks the second-lowest threshold since September 2019.
Additionally, the trading volume has decreased since the beginning of the March price rally. The top market capitalization in the crypto sector recorded its lowest combined volume of the year.
As of the current moment, Bitcoin’s trading price is approximately $26,854, reflecting an increase of 0.32% over the past 24 hours. The trading volume of BTC has risen by more than 27.56%, as reported by CoinMarketCap.
