The crypto market is currently experiencing a significant decline in trading volume, with an overall drop of 64% over the past week compared to the previous week. This downturn, particularly among altcoins, is expected during the holiday season when traders are organizing their finances for the year-end. However, there is a possibility of a sudden market uptick if whales continue to accumulate assets without the usual retail participation. December is typically marked by decreased trading activity across various crypto sectors, including meme coins, AI/Big Data projects, and Layer 1 and Layer 2 assets. The trading activity has fallen to its lowest level in seven weeks, indicating a cooling market after the surge in mid-November. The surge in trading activity in November was attributed to optimism around the newly elected Trump administration and Bitcoin's price reaching $100,000. South Korean exchanges and institutional exchanges like the CME saw an increase in trading activity during this period.



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