Summary
Crypto trading volumes surged in March due to altcoin activity and anticipation of low transaction fees from the Dencun upgrade. Political developments also boosted crypto during the election. However, with volumes now declining, the sustainability of the altcoin rally is uncertain.
Key Points
1. Crypto trading volumes spiked in early March due to increased altcoin activity in the market.
2. Anticipation of the Dencun upgrade with low transaction fees and political developments also contributed to the surge in crypto trading volumes.
3. However, with volumes now declining, the sustainability of the altcoin rally is being questioned.