A lot of new and old investors have portfolios with one or the other cryptocurrency. The multi-utility nature and decentralized mechanism are what drives volumes in crypto markets.
- China hosts 50% to 60% of the world's crypto mining power. Recent crypto halts and regulations in China are a significant reason for the crypto market's downfall.
- Even amongst falling volumes in the market, specific cryptocurrencies like Ethereum and Tether attract investors' attention.