The slowdown raises a question about the sustainability of lofty market valuations for coins other than bitcoin and ether, Matrixport said.
Upbit, which lists 192 cryptocurrencies and offers trading in 309 pairs, registered just $3.79 billion of volume in the past 24 hours, according to data source. That's down from as high as $15 billion on March 5, when TradingView data shows the total market cap of altcoins surged to a two-year high of $788 billion. Market cap has since steadied at about $750 billion.
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