Crypto trading volumes dip to 18 month low amid bear market Crypto Trading Volume Drops to 18-Month Low: What Does This Mean for the Industry?

Crypto Trading Volume Drops to 18-Month Low: What Does This Mean for the Industry?

-Cryptocurrencies across the wider crypto market have seen tough times during heavy market downturn.
-The overall crypto market has seen a recorded loss of 27.5% of its spot trading volumes in the month of June alone.
-Derivative trading volume has also experienced a drop of 7%.
-Spot and derivative trading volumes have dropped and witnessed record lows this year.
-The fall in spot and derivative trading volumes is result of price decline of Bitcoin (BTC) and Ethereum (ETH).
-Since starting of this year, after touching their all time highs last year, both top cryptocurrencies, alongwith other crypto assets, were struggling to keep pace.

 

 

Crypto trading volumes dip to 18 month low amid bear market Crypto Trading Volume Drops to 18-Month Low: What Does This Mean for the Industry?
Crypto Trading Volume Drops to 18-Month Low: What Does This Mean for the Industry? 3

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