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Altcoin Trading Volume Share Hits Two-Month High at 51% on Major CEX

GateNews
Market Analysis
BTC-1.17%
ETH-0.7%

Gate News message, April 22 — According to analyst Darkfost, altcoin trading volume share on a major centralized exchange reached 51%, up significantly from 31% in early March, while Bitcoin and Ethereum shares fell to 30% and 17% respectively.

Ethereum’s trading volume share declined sharply from 27% on April 11, suggesting the market is in a consolidation phase with capital rotating from major cryptocurrencies toward altcoins, Darkfost noted.

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