Crypto Trading Volume Plunges 64% In The Past Week — What’s Happening?
There was a good level of optimism in the crypto market heading into the past week, with many investors speculating on a potential “Xmas Rally” for Bitcoin. While the premier cryptocurrency did make a play for the $100,000 mark on Christmas day, it didn’t take long for the bears to resume control.
It was pretty much the same story for most of the other large-cap assets, including Ethereum, Solana, and the in-form XRP. The recent bearish climate of the crypto market has pushed a cloud of skepticism over the digital asset sector as the historic year 2024 draws to a close.
Why Is Trading Activity Dwindling In The Market?
In its latest post on the X platform, market intelligence firm Santiment shared an interesting insight…
