Cryptocurrencies, which rose rapidly after Trump won the elections, fell far behind Bitcoin due to the chaos in 2025. The year 2026 was the year when cryptocurrencies suffered devastating blows with the collapse of BTC. The numbers don’t lie, the contraction in the cryptocurrency market is obvious as spot volume declines significantly compared to 2024.
Cryptocurrency Volumes Are Dropping
As market liquidity continues to shrink Bitcoin spot volumes hit 2024 low. February is set to close as the month with the lowest Bitcoin spot transaction volume since the beginning of 2024. This is happening as the BTC price also returns to the levels seen in 2024.
Binance led the way with $75 billion in volume during the month. Gate 25 and Bybit follow the Binance exchange with a volume of 20 billion dollars. Darkfost pointed out the weakness in volume by sharing the chart below.
“BTC The current environment of uncertainty has pushed investors into a more defensive stance and resulted in a significant reduction in risk-taking. At the same time, overall liquidity in the crypto market continues to tighten, especially after the shock on October 10, when open interest fell by more than 70,000 BTC and the market suffered a loss of approximately $8 billion.
This phase of withdrawal is directly reflected in the steady decline in spot trading volumes observed on major exchanges. Since BTC’s last ATH in October, these volumes have halved overall. Binance’s Monthly spot volume decreased from $198 billion to $75 billion, Gateio’s from $53 billion to $25 billion, while Bybit dropped from $41 billion to $20 billion. This dynamic points to a general trend affecting all major exchanges. Currently, this simultaneous contraction in spot volumes reflects a structurally cautious market phase in which participants are prioritizing capital preservation over directional risk while awaiting clearer macroeconomic or technical signals. “For the uptrend to materialize or a permanent bottom to form, spot volumes will need to provide stronger support.”
In summary, things do not seem to turn around in the short term, as the apparent weakness in cryptocurrencies is fed by investor apathy. BTC dropped back to $67,000 at the time of writing, approximately 50 minutes after the US market opening.
US-Iran Talks
Press TV “Iranian“, will not allow enriched uranium to be taken out of the country,” he says. Democratic Party MPs, on the other hand, want a vote on the war authorization decision against Iran next week. Iran-based Press TV announced that some talks with the USA took place directly, not indirectly. The USA has not yet made a statement about the meeting, and since March 1-6 was announced by Trump as the deadline, future statements about today are very important.
While BTC declines to 67 thousand dollars, the most important development that will affect the price for the rest of today will be the statements regarding Iran.
