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>>Altcoin trading volume on Binance spikes 60% as leading cryptocurrencies lose momentum.

Altcoin trading volume on Binance spikes 60% as leading cryptocurrencies lose momentum.

crypthub

3 days ago

Altcoin Volume Surge

Binance altcoin trading volume has surpassed 60%, the highest level this year, while Bitcoin and Ethereum together account for only about 20%. The rise is linked to higher price volatility in altcoins, growing demand for short‑term trades, and heightened speculation. Investors are chasing potentially larger returns beyond major cryptocurrencies.

Implications for Investors

Such a dramatic shift usually signals increased speculative activity and the chance for short‑term gains, but it also brings greater market volatility. The trend may represent a temporary rotation away from Bitcoin and Ethereum. Careful risk management, including stop‑loss orders, becomes essential.

Trading Strategies

Traders should monitor volume patterns across multiple exchanges to gauge market sentiment. Diversifying across different crypto categories and setting clear profit targets can help manage risk. Staying informed on news and developments is crucial for timing entry and exit points.