Oddbean new post about login | logout Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T. Bitcoin, the leading cryptocurrency by market value, fell nearly 15% in April, ending a seven-month streak. https://www.coindesk.com/resizer/H46c-2qE_hk1EqNcSzhp1ERdxvk=/1056x483/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BKOGBXYXNZEODPSDCOWMNI2RSE.png
April 2024, the monthly trading volume for cryptocurrencies experienced a significant drop, marking the first decline in seven months. The total trading volume decreased to $6.58 trillion, with the spot market volume suffering a relatively measured drop of 32.6% to $2.01 trillion. This decline was attributed to unexpected macroeconomic data, an escalation in the geopolitical crisis in the Middle East, and negative net flows from U.S. spot bitcoin ETFs
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