- Ethereum, Bitcoin, and BNB suffered double-digit losses as the total crypto market cap fell 11.12% to $2.37 trillion.
- Trading volume soared by 222.26%, with stablecoins making up 94.44% of daily trades despite overall market decline.
- Social media buzz indicates belief in crypto’s decoupling from stocks amid global equity sell-off and tariff announcements.
The crypto market has had a sharp downturn, with top digital assets recording double digit losses. According to Binance data, Ethereum has dropped by 20.05%, Bitcoin by 10.01%, and BNB by 11.23%.
CoinMarketCap data shows that the total crypto market cap is at $2.37 trillion, an 11.12% drop in the past 24 hours. However, trading activity has surged, with 24-hour volume rising by 222.26% to $134.96 billion. Sentiment on social media suggests traders are discussing a potential shift away from traditional market trends, following steep losses in global equities.
Trading Volumes Surge as Market Turns Red
Despite price declines, trading activity has increased across major tokens. Stablecoin volumes now account for 94.44% of the market’s daily trading. DeFi-related tokens make up 5.32% of the 24-hour market volume. Bitcoin’s dominance also increased by 1% to 62.99%, a move toward the asset during volatility.
Top volume assets on Binance include Bitcoin, Ethereum, and XRP, all of which had heavy losses. XRP dropped the most, down by 22.33%. The surge in volume coincided with a sharp pullback in prices, suggesting increased trading intensity during the sell-off.
Social Buzz Speculation
According to Santiment, mentions of a “decoupling” between digital assets and traditional stocks have increased across platforms like X, Reddit, and Telegram. The discussions followed the S&P 500’s 10.5% two-day loss, leading to debates over crypto’s position amid macroeconomic instability.
Users on Farcaster and BitcoinTalk also show optimism that digital assets may now react independently of major stock indices. The sentiment follows recent U.S. and China tariff announcements, which rattled broader markets but saw traders double down on crypto engagement.
Binance User Behavior Shows Strong Early Retention
On-chain data from CryptoQuant shows over 50% of Binance users return to make a second deposit within 16 days. Nearly 10% deposit again on the first day, indicating immediate trading interest. By the end of the first week, one in three users have already made another deposit.
Retention appears front loaded, with user activity declining notably after Day 19. According to the data, most repeat users return early, suggesting Binance remains a go-to platform for active traders. This behavior aligns with the spike in trading volumes despite the broader price drop.
Newly listed coins like GUN and BROCCO saw sharp losses, dropping 27.97% and 18.03%, respectively. BANANA, however, had a slight gain of 0.31%, defying the trend. Among top gainers, FORTH led with a 15.17% increase, followed by USUAL and EPIC.
