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COINTURK NEWS > Cryptocurrency Exchanges > Crypto Markets Reel as Bitcoin Volumes Plunge and Uncertainty Rises
Cryptocurrency ExchangesCryptocurrency News

Crypto Markets Reel as Bitcoin Volumes Plunge and Uncertainty Rises

In Brief

  • Crypto volumes have dropped sharply as uncertainty pushes traders to the sidelines.

  • Major exchanges like Binance, Gate, and Bybit reported significant declines in spot activity.

  • Heightened geopolitical tensions may further impact Bitcoin’s price in the short term.

Ömer Ergin
Ömer Ergin 2 months ago
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After a rapid surge in cryptocurrencies following Trump’s electoral victory, 2025 brought significant chaos that left most digital assets trailing behind Bitcoin. The following year, 2026, delivered a devastating blow, as Bitcoin suffered a major collapse that triggered a widespread downturn in the crypto market. The numbers reflect this sharp contraction, with spot trading volumes falling steeply compared to 2024. There’s now a clear shrinkage across cryptocurrency markets, as liquidity continues to evaporate and interest wanes.

Contents
Spot Volumes in Sharp DeclineUS-Iran Negotiations Take Center Stage

Spot Volumes in Sharp Decline

As market liquidity keeps tightening, Bitcoin’s spot trading volumes have now dropped to their lowest point of 2024. February is set to close as the weakest month for spot Bitcoin transactions since the start of the year. This slump in activity coincides with Bitcoin’s price sliding back to levels last seen earlier in 2024, highlighting the deepening malaise within the sector.

Binance continues to lead the field, recording $75 billion in spot trading volume throughout the month. Gate and Bybit follow, with $25 billion and $20 billion respectively. Market observer Darkfost underscored the extent of this weakness by sharing a comparative chart illustrating the slide in volumes.

The prevailing climate of uncertainty surrounding Bitcoin has pushed market participants to adopt a more defensive stance, with a marked decrease in risk-taking. Meanwhile, overall liquidity in crypto continues to contract, particularly after a major shock on October 10, when open positions shrank by over 70,000 BTC and the market suffered losses approaching $8 billion.

This pullback phase is directly reflected in the consistent decline of spot trading volumes on major exchanges. Since Bitcoin’s most recent all-time high in October, these volumes have generally halved. Binance’s monthly spot volume wore down from $198 billion to $75 billion, Gate’s slipped from $53 billion to $25 billion, and Bybit’s fell from $41 billion to $20 billion. This pattern signals a broad trend affecting all leading platforms. The simultaneous contraction in spot volumes indicates a structurally cautious market, where participants prioritize capital preservation over directional bets while awaiting more decisive macroeconomic or technical cues. For bullish momentum or a decisive bottom to emerge, spot volumes will need to offer much stronger support.

In summary, the pronounced weakness in cryptocurrencies appears closely tied to flagging investor interest, and there is little short-term indication of a turnaround. Bitcoin, for instance, had retreated again to $67,000 by the time this report was prepared, just 50 minutes after U.S. market opening.

US-Iran Negotiations Take Center Stage

Press TV reports that Iran has ruled out transferring enriched uranium abroad, stating bluntly that such a move is off the table. Meanwhile, Democratic lawmakers in the U.S. are pressing for a vote next week to approve military authorization against Iran. The Iranian state broadcaster also noted that recent discussions with the U.S. have been direct rather than indirect—a significant detail. Washington has yet to comment on these talks, and with March 1-6 declared by Trump as a decisive deadline, any statements released today could prove pivotal.

With Bitcoin dropping to $67,000, statements concerning Iran are expected to be the most influential factor shaping prices through the rest of the day.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 26 February, 2026 - 8:10 pm 26 February, 2026 - 8:10 pm
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