Binance Dominates Bitcoin Spot Trading as Market Volatility Dampens Overall Activity

Amid significant market volatility, Bitcoin and altcoin spot trading volumes have seen a sharp decline, with Binance emerging as the dominant player in Bitcoin spot trading. The total Bitcoin spot trading volume on crypto exchanges plummeted from $44 billion on February 3 to just $10 billion by the end of Q1 2025. Despite the overall downturn, Binance’s share of daily Bitcoin spot trading volume surged from 33% to 49% during the same period. This shift highlights Binance’s growing influence even as broader market participation wanes due to declining prices and reduced investor enthusiasm. The data underscores the challenges facing the cryptocurrency market in early 2025, with Binance standing out as a key platform amid the turbulence.

Bitcoin and Altcoin Spot Trading Volumes Decline Amid Market Volatility

Total Bitcoin spot trading volume on crypto exchanges declined from a high of $44 billion on Feb. 3 to $10 billion at the end of Q1. Binance’s share of total daily Bitcoin spot trading volume increased from 33% on February 3 to 49% by the end of Q1. The sharp downturn in prices has impacted the overall trading activity across various exchanges, reflecting a slowdown in investor enthusiasm and market participation. Specifically, Bitcoin’s spot trading volume dropped significantly.

Cardano Price Prediction: ADA Set To Crash To $0.4

Cardano (ADA) has found itself once again caught in a downward current as bearish sentiment grips the broader crypto market. The ADA/USDT pair on Binance is now painting a structure that many crypto analysts interpret as a warning sign of deeper losses ahead. According to a recent technical analysis on the TradingView platform, Cardano may be heading toward the $0.40 region after briefly correcting to an important liquidity zone. Technical analyst RLinda noted that Cardano is currently under intense bearish pressure, describing it as being in a defined bear market.