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The current daily volume is about $5 billion, which is the lowest indicator from 2020.
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Experts cite the banking crisis and the hostile regulatory environment in the US as key factors.
Such a low trading volume indicates fear and disinterest of market participants.
But as we all know, you need to buy in a time of fear in the market.
Read this:
RMB Bitcoin Trading at LocalBitcoins Reaches Two-Year Low
Trading volume on cryptocurrency exchanges has reached an absolute maximum
Trading volume on non-custodian Ethereum exchanges grew by 50% per week
Trading volume on crypto exchanges in June amounted to $ 958 billion
Trading volume on crypto exchanges for the first time in history exceeded $ 2 trillion
Market news | Crypto trading volume drops to 23-month low