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Jordan Kerridge: Altcoin trading volume returns to normal after outpacing Bitcoin

Jordan Kerridge: Altcoin trading volume returns to normal after outpacing Bitcoin
Altcoin volume normalizes after September spike

Altcoin trading volume has returned to typical levels after previously reaching four times Bitcoin trading volume in September, according to data from Glassnode. The speculative surge in altcoins aligned with Bitcoin’s local top near $87K at that time.

Jordan Kerridge commented that the current question is when momentum in altcoins may return, noting hype has faded for now.

Kerridge has recently commented on U.S. Treasury plans to buy back up to $6 billion of longer-term debt, with a focus on supporting market liquidity. He also reported on Iran’s statement that the Strait of Hormuz could reopen within seven days if U.S. conditions are met. Both developments highlight active monitoring of major market drivers.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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