Trading Volume in the Cryptocurrency Market on a Decline: Report Altcoin Market
- Santiment tweeted today that traders are growing disinterested in the cryptocurrency market.
- According to the post, altcoins suffered the biggest decline in trading volume over the past few weeks.
- At press time, the 24-hour trading volume stood at around $21.83 billion after a 14.93% drop.
The blockchain intelligence firm Santiment revealed in a tweet today that traders are showing disinterest in the cryptocurrency market as trading volumes have dropped over the past few weeks. The post noted that altcoins in particular have suffered the biggest decline in their trading volumes.
#Crypto traders are showing disinterest as trading volumes, particularly with #altcoins, continue to drop. As individual projects continue to have brief decouplings, watch to see when one may be associated with ascending trading volume to support it. https://t.co/vEZQi6t1q2 pic.twitter.com/geI7k2u3IK
— Santiment (@santimentfeed) August 11, 2023
Meanwhile, at press time, CoinMarketCap indicated that the total volume in the cryptocurrency market over the past 24 hours had fallen 14.93%. Subsequently, the total was estimated to be $21.83 billion. Notably, stablecoins accounted for m…
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