Crypto trading volume declines following indecisiveness among traders

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Cryptocurrencies News

United States Latest News,United States Headlines

The general crypto market has witnessed a steady decline in trading volume since March 6 according to data from Santiment.

Bitcoin and large-cap altcoins are yet to establish a clear direction despite upcoming halving hype. Santiment data shows AI & Big Data, Liquid Staking, and DeFi are among the most profitable categories in the crypto market. Santiment analysis shows that traders see recent Bitcoin correction as a buying opportunity. While Bitcoin and many large altcoins struggle to establish a clear direction, community members see the recent market correction as a buying opportunity.

Here's what key crypto community members are saying Crypto trading volume Several top altcoins alongside Bitcoin have largely maintained a sideways movement indicating indecisiveness among traders. Despite the increasing social activity these coins have been receiving as Bitcoin halving approaches, investors may still be highly skeptical about which direction to take with their trades. Trading volume will begin to grow consistently once their price maintains a clear direction.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meow (MEOW) Meme Crypto Sale March Phase Kicking OffHere's what enthusiasts say about Meow (MEOW) meme coin specifications
Source: Utoday_en - 🏆 295. / 63 Read more »

Cryptocurrencies Price Prediction: Solana, Ripple & Crypto – European Wrap 18 MarchSolana-based tokens have dominated the meme coin narrative with nearly double-digit gains in the past week.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Cryptocurrencies Price Prediction: XRP, Solana & Crypto – European Wrap 21 MarchXRP price broadly consolidates above $0.60 on Thursday as The Securities and Exchange Commission (SEC) is poised to file its remedies-related opening brief on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Cryptocurrencies Price Prediction: Jito, Bitcoin & Crypto – European Wrap 29 MarchJito (JTO) price has been on an uptrend since forming a local bottom in early January.
Source: FXStreetNews - 🏆 14. / 72 Read more »

March saw a month-over-month decrease in crypto hacks: PeckShieldMore than $187 million was lost due to hacks in the crypto space in March, while nearly $99 million was recovered.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto VC funding surged 53% in March, Optimism wins largest shareVenture capital funding reached $1.16 billion in March, jumping over 50% from February, with monthly deal numbers also at a nearly two-year high.
Source: Cointelegraph - 🏆 562. / 51 Read more »