10x Research reports a 30% decline in cryptocurrency trading volumes compared to the average, with total crypto market capitalization slightly down to $2.96 trillion. Bitcoin and Ethereum trading volumes fell significantly by 36% and 32% respectively, accompanied by decreased futures open interest and low Ethereum network fees suggesting reduced activity. The report indicates a more bullish outlook on Bitcoin relative to other cryptocurrencies despite overall lower market participation.
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Cryptocurrency Trading Volume Drops 30%, Market Shows Signs of Low Activity: 10x Research Report
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BTC
89,320.3
+1.66%
ETH
3,018.46
+3.88%