"Spot trading volume for the top 500 crypto assets by market cap has fallen since February"

JH Kim

Summary

On-chain analytics firm Glassnode said spot trading volume for the top 500 crypto assets by market cap has been steadily declining since February.
Over the same period, Bitcoin (BTC) spot trading volume showed relatively resilient momentum, it said.
In particular, it added that Bitcoin spot trading volume stayed on an uptrend for most of February, indicating robust trading activity versus other assets.

Forecast Trend Report by Period

An analysis has found that spot trading volume for the top crypto assets by market capitalization has continued to decline since February this year.

On the 11th (local time), on-chain analytics firm Glassnode said, based on on-chain data, that spot trading volume for the top 500 crypto assets by market cap has been steadily decreasing since February.

Glassnode added, however, that Bitcoin (BTC) spot trading volume showed relatively resilient momentum over the same period.

In particular, it noted that Bitcoin spot trading volume remained on an uptrend for most of February, indicating robust trading activity compared with other assets in the market.