🗞️ Breaking News | News Flash | Developing Story | Market Update
New York City — 09:58 AM (NYC Time)
Crypto markets are rattled this morning as Bitcoin and Ethereum trading volumes plunge sharply, triggering fresh waves of uncertainty across major exchanges 🌪️📉.
According to market data, Bitcoin’s 24‑hour trading volume has dropped 27% to $65B, while Ethereum slid 32% to $54B, marking one of the steepest liquidity contractions seen this month.
$BTC Analysts say the downturn follows fading optimism around U.S. crypto legislation after Coinbase withdrew support for a key market‑structure bill, leaving traders hesitant to deploy capital amid mounting regulatory tension 🏛️⚠️. [decrypt.co]
$XRP The sharp decline in activity extends beyond BTC and ETH, spilling into altcoins such as Solana, XRP, and Dogecoin, which also saw momentum cool significantly ❄️📊.
$TRX Market strategists note that despite recent price stability, participation from retail investors has thinned, while institutional flows—largely driven by ETFs—continue to dominate, creating an uneven market landscape that heightens sensitivity to macroeconomic shifts and geopolitical pressure 🌍📉. [decrypt.co]
As volatility tightens and liquidity drifts lower, traders worldwide are watching closely to determine whether this downturn signals temporary exhaustion or the early stages of a deeper market recalibration 🔎🕒.
#CryptoUpdate #BitcoinVolumeDrop #EthereumMarket #MarketVolatility 🚨📉💬