While some see the low volume as an opportunity for whales to manipulate prices more quickly, others see it as a lack of long-term potential for a bull run in the market.
However, data from CoinMarketCap reveals that the total crypto market volume has increased by 98.43% in the past day, reaching $32.93 billion. The chart provided by Santiment includes several cryptocurrencies, such as Bitcoin, Ethereum, Solana, Dogecoin, Polkadot, Polygon, and Litecoin.
Bitcoin and Ethereum saw increases in their 24-hour trading volumes, with Bitcoin's volume up 77% to $13,587,532,264 and Ethereum's volume up 110% to $5,566,087,604. The 24-hour trading volumes for Solana, Dogecoin, Polkadot, Polygon, and Litecoin have also increased by 376.41%, 133.94%, 139.42%, 150.01%, and 131.96%, respectively.