The analytical company Kaiko has published the latest statistics of the digital asset market. The trading volume of cryptocurrencies last week was about $ 15 billion. This indicator has become the lowest in the last twelve months. The data also shows a decrease in activity relative to January of this year. The drop was about seventy percent of the recorded maximum. Traders are being cautious amid weakening market momentum. Reducing volumes directly affects the structure of the order book. There are fewer large purchase and sale orders. This creates conditions for increased volatility of quotations. Prices are becoming more sensitive to individual large transactions.

Market participants expect new information events to appear. Traders are closely monitoring the actions of institutional investors. Regulatory decisions are also in the focus of analysts' attention. Periods of low activity often precede noticeable movements in quotes. Markets can be in a sideways trend for quite a long time. Then there is a price shift in one direction or another. The absence of bidding does not automatically mean a decrease in the value of assets. Cryptocurrencies can remain stable for a long time. The current pause is typical for many classes of financial instruments. Traders analyze the data before opening new positions.

The current market capitalization exceeds the $2.18 trillion mark. This indicator increased by about one percent per day. The leading digital assets are showing positive price dynamics. Bitcoin rose by one and a half percent to the level of 63,464 dollars. The second largest coin by capitalization, ethereum, gained 0.64 percent. Its quotes reached the level of 1852 dollars per unit. This data is provided by the industry aggregator CoinMarketCap. The cryptocurrency market remains in the observation phase. Traders are recording the current support and resistance levels. Further movements will depend on external market factors.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.