Crypto Trading Volume Plummets Amidst Market Uncertainty

Recent data reveals a significant decrease in trading volumes for both Bitcoin and altcoins, raising questions about the market’s overall confidence. Bitcoin trading volume saw a dramatic 77% drop from $44 billion on February 3rd to just $10 billion by the end of March, while altcoin volume plummeted over 80%, shedding a staggering $122 billion to just $23 billion. This steep decline points to traders adopting a more cautious approach in anticipation of price volatility and uncertainty regarding macroeconomic factors.