Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto trading volumes plunge 70% from the peak as post-election hype fades

Crypto trading volumes plunge 70% from the peak as post-election hype fades

The BlockThe Block2025/03/28 16:00
By:By Brandon Kae and Ivan Wu

Quick Take Daily exchange volumes have dropped from a $126 billion post-election peak to $35 billion, returning to pre-election levels amid market uncertainty. The following is an excerpt from The Block’s Data and Insights newsletter.

Crypto trading volumes plunge 70% from the peak as post-election hype fades image 0

Daily exchange volumes have retreated significantly from their post-election peaks, now settling around $35 billion, approximately the same level as prior to Donald Trump's presidential victory.

Following the Nov. 5 election, daily trading volumes surged to $126 billion amid heightened market enthusiasm and speculative activity. This represents a decline of roughly 70% from that peak, bringing the market back to pre-election baseline conditions in a relatively short timeframe. Recent tariff announcements against major U.S. trading partners have introduced uncertainty that has dampened trading enthusiasm across traditional and crypto markets.

Trading volumes have maintained their historical correlation with overall market capitalization, both experiencing similar trajectories in recent months. The total cryptocurrency market cap reached approximately $3.9 trillion at its peak before retreating to current levels of around $2.9 trillion, a 25% decline.

This volume contraction may signal several potential market developments in the coming months. Historically, extended periods of declining volumes have often preceded significant market moves, as the reduction in liquidity can amplify price impacts when larger players begin to reposition.

Market participants may be waiting for greater clarity on the Trump administration's full approach to cryptocurrency regulation before engaging more actively. The combination of reduced trading activity with a relatively stable market cap suggests an accumulation phase may be underway, with investors more focused on positioning than active trading. Upcoming regulatory  announcements , particularly regarding cryptocurrency classification and oversight structures, could serve as potential catalysts to reignite trading activity.

This is an excerpt from  The Block's Data Insights newsletter . Dig into the numbers making up the industry's most thought-provoking trends.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Riot Platforms tops rival Marathon with Q2 earnings making all-time high

Share link:In this post: Riot reported $219.5 million in Q2 net income and $495.3 million in adjusted EBITDA. Bitcoin mining revenue surged to $140.9 million, driven by higher BTC prices and hash rate. Riot mined 1,426 BTC in Q2, with an average cost of $48,992 per coin.

Cryptopolitan2025/08/01 06:40

SEC rolls out ‘Project Crypto’ to make America the crypto capital of the world

Share link:In this post: The SEC has launched “Project Crypto” to overhaul its regulatory approach and establish the U.S. as the global leader in the crypto industry. The initiative aims to modernize outdated rules, create tailored frameworks for crypto asset classifications, and enable tokenized securities and on-chain trading. The SEC will promote flexible custody options and consolidated licensing for “super-apps.”

Cryptopolitan2025/08/01 06:40

UK business confidence sinks to record low, worse than pandemic levels

Share link:In this post: UK business confidence fell to a record low of –72 in July, worse than during the April 2020 COVID lockdown. 85% of surveyed executives say they no longer trust the government to restore growth. Company‐level confidence slid from +3 in June to -9 in July, the second-worst reading in a decade

Cryptopolitan2025/08/01 06:40
UK business confidence sinks to record low, worse than pandemic levels

Dollar surges as Asian, European and US stocks swing on Trump’s new global tariffs

Share link:In this post: The U.S. dollar surged after Trump announced global tariffs ranging from 10% to 41%. Asian, European, and U.S. stock futures fell sharply following the tariff update. Amazon dropped over 6% on weak guidance, while Apple rose 2% after strong earnings.

Cryptopolitan2025/08/01 06:40
Dollar surges as Asian, European and US stocks swing on Trump’s new global tariffs