It is evident the cryptocurrency markets are not in the best of places right now. With all currencies bleeding value virtually every single day, there is still a long way to go until things improve again. Trading volume looks especially bleak right now, as a lot of currencies are struggling to note any growth in that department. With just 18 currencies noting higher volume numbers over the past week, things are not looking all that great.
CRYPTO TRADING VOLUME IS SUFFERING
As most people will have noticed by now, there is far less interest in trading cryptocurrencies. It is a bit unclear where this negative trend originates from, although the falling values of all currencies probably have something to do with it. Even so, the prices won’t go back up until the trading volume improves again. As of right now, very few coins are noting growth in that area.
Among the top 100 cryptocurrencies ranked by market cap, over 80% saw lower trading volume over the past week. That list includes virtually all top cryptocurrencies, even though Bitcoin is still doing a more than adequate job in this regard. Unfortunately, only 18 currencies have seen slight to major increases in trading over the past seven days. It is evident that investors and speculators are souring on cryptocurrency right now.
Aryan Nava 