Market analysis company Santiment shared some insights on Twitter (NYSE:TWTR) about cryptocurrency trading volume hitting a new low. Santiment offers 2 ways to look at the trading volume in this area that has reached a 2.5-year low, writes Coinedition.

One can first look at this situation through a lens of optimism, as less resistance could lead to “whales” in the crypto market being able to increase prices more easily.

On the other hand, amid less activity from order books, there is much less long-term bullish potential in the market.

And CoinMarketCap data showed that the total crypto market is currently at $32.93 billion after increasing by 98.43% in the last day.

Santiment did a comparison of various cryptocurrencies such as bitcoin (BTC), etherium (ETH), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Polygon (MATIC) and Litecoin (LTC).

The two largest cryptocurrencies on the market, BTC and ETH, increased their 24-hour trading volumes. BTC trading volume increased by over 77% and now stands at $13,587,532,264, while ETH trading volume increased by over 110% and now stands at $5,566,087,604.

The 24-hour trading volumes for SOL, DOGE, DOT, MATIC and LTC rose 376.41%, 133.94%, 139.42%, 150.01% and 131.96% respectively over the last day.