According to a recent report by JPMorgan, the trading volumes in the cryptocurrency market experienced a significant decline across all major platforms and assets last month, as the overall market faced a considerable downturn. This slump can be attributed to a variety of factors affecting investor sentiment, including regulatory concerns, changing market dynamics, and economic uncertainties, which collectively contributed to the widespread decrease in trading activity within the crypto space.
source: https://www.coindesk.com/markets/2025/12/11/crypto-trading-volumes-deteriorated-across-board-last-month-as-market-slumped-jpmorgan