Crypto Volumes Plummet 50% Amid Year-End Holiday Lull

Crypto market trading volumes have declined sharply in recent weeks, dropping by as much as 50% during the year-end holiday lull. According to data from Santiment, released on December 30th, major cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, and Dogecoin are recording less than half their weekly trading volumes compared to late 2024.

The decline in trading activity is attributed to flat price movement and year-end holidays pulling traders away from markets. Santiment noted that the drop reflects weaker short-term interest rather than panic selling. Social media discussions about Bitcoin have also fallen since mid-November, according to data cited by Oro Crypto.

Bitcoin's social dominance has dropped to low single-digit territory, a sign of exhaustion in the market rather than fear. Analysts are drawing parallels to mid-2020, when gold and silver rallied before capital rotated into Bitcoin. Gold recently hit record highs above $4,500, with silver also reaching new peaks.