TechFlow news, Matrixport released a chart today showing that as the total market capitalization dropped from $2.7 trillion to $2.3 trillion, daily trading volume in cryptocurrencies also fell from $180 billion to $50 billion.
In traditional finance, there's a saying, "Don't short a dull market," because even slight momentum can push prices higher. This may also apply to the crypto market, where during the summer lull, given multiple potential catalysts—such as Federal Reserve rate cuts and the U.S. presidential election—the market could experience an explosive rebound.
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