The cryptocurrency market briefly regained positive momentum earlier in the week, but that did not translate into significant gains. The shock waves from the FTX collapse extinguished the bullish spark.
Currently, the market is dotted with red and green amid an intense fight between bulls and bears. This means that investors need to be very careful which assets they buy this week. Tokens like Dash 2 Trade (D2T), Chiliz (CHZ), RobotEra (TARO), Litecoin (LTC), and Calvaria could be the fastest gateway out of the extended crypto winter.
Crypto spot trading volume at all-time highs
Crypto markets performed relatively well in October before giving back most of the gains in the first two weeks of November. Despite last month's upward correction, trading activity slowed and spot and derivatives volume underperformed expectations.
There are fears that the FTX debacle could have far-reaching implications for market participants, including centralized exchanges. Trading volume on decentralized exchanges surpassed that of October in just two weeks.