Bitcoin trading volume is falling fast. That rarely ends smoothly.

What you need to know for April 29, 2026 What to know : Bitcoin trading volume has fallen below $8 billion, the lowest since October 2023, leaving the market more vulnerable to sharp moves as liquidity and market depth thin. Options markets are pricing in calm even as the Federal Reserve’s policy statement and surging energy prices threaten to inject macro-driven volatility into bitcoin and other risk assets. Bitcoin is hovering around $77,800 with gains across major cryptocurrencies, while rising Treasury yields tied to higher oil prices pose a growing risk to financial markets, including crypto.