Crypto trading volume dropped 64% as the year ends, signaling a market slowdown. November’s surge saw record volumes, driven by regulatory optimism and Bitcoin’s rise. Reduced trading in sectors like meme coins and Layer 2 assets marks market cooling. As 2024 draws to a close, the crypto market is experiencing a significant decline in trading volume, pointing to a shift in market dynamics. According to data from Santiment, the overall trading volume dropped by 64% over the past week compared to the previous week, marking an all-time high for Bitcoin. In the final days of 2024, trading volume is way down across crypto sectors. Overall, there has been -64% less trading in the past week compared to the previous week (which included Bitcoin's all-time high). The trading downtrend of trading, particularly among speculative… pic.twitter.com/ZTGbED2rak — Santiment (@santimentfeed) December 27, 2024 This downturn, particularly among altcoins, is not entirely unexpected. The holiday season and traders organizing their finances for the year-end traditionally result in reduced market activity during this period. Despite the lull, a sudden market uptick coul… The post Crypto Market Dips 64% in Weekly Volume Amid Holiday Slowdown appeared first on Coin Edition .
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