2024 Crypto Rally Is Over, With Trading Volume Down by 64%
This past week, the crypto market has seen massive volatility, while traders follow Michael Saylor’s advice to take a break.
The metric, spotted by Santiment, suggests that the 2024 crypto rally has finished. According to the data, the trading volume dropped by 64% to seven-week lows compared to the previous week, which saw Bitcoin hit an all-time high.
This sharp decline, particularly in speculative altcoins, aligns with seasonal patterns, as year-end holidays and financial planning often reduce market activity.
Despite this, whale activity remains a key factor to watch. Their strong accumulation trend suggests the potential…
