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The Cryptocurrency Market Sees 98.43% Increase in Volume

Santiment, a market intelligence firm, recently tweeted about the 2.5-year low in cryptocurrency trading volume.

Cryptocurrencies in the Shopping Cart
Cryptocurrencies in the Shopping Cart

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.

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