Home Crypto Market Slips Into ‘Winter’ As Exchange Volumes Drop 39%

Crypto Market Slips Into ‘Winter’ As Exchange Volumes Drop 39%

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Crypto Market Slips Into 'Winter' As Exchange Volumes Drop 39%
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The crypto market is showing clear signs of slowdown, with CoinGecko describing current conditions as a “sustained crypto winter”.

In the first quarter of 2026, spot trading volumes on centralised exchanges fell sharply by 39%, dropping from $4.5 trillion to $2.7 trillion. March was particularly weak, recording the lowest monthly activity since late 2023.

This decline comes after Bitcoin’s massive rally to over $126,000 lost steam. Market sentiment has since been weighed down by global uncertainty, including geopolitical tensions and concerns about economic slowdowns.

Even daily trading activity has taken a hit, falling significantly compared to the previous quarter. All major exchanges saw declines, with some experiencing drops of over 50%.

Bitcoin itself has struggled, falling more than 20% during the quarter. However, recent price movements suggest a possible short-term recovery.

The broader picture remains uncertain. While institutional demand continues to provide some support, the market is clearly navigating a more cautious phase.

Crypto Market Slips Into 'Winter' As Exchange Volumes Drop 39%

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Source: X.com

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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