Bitcoin Trading Volume Falls to Lowest Level Since 2023 as Market Activity Weakens
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Bitcoin trading volume on major crypto exchanges fell more than 75% from late 2024, reaching its lowest levels since 2023. Binance's Bitcoin spot volume dropped from $246 billion in November 2024 to just over $35 billion in July as macro uncertainty, stronger equity markets and expectations of a U.S. Federal Reserve rate rise dampened demand for Bitcoin and other risk assets.
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Что в фокусе у трейдеров?
- Bitcoin trading volume fell over 75% from late 2024, reaching lows last seen in 2023.
- Binance’s Bitcoin spot volume dropped from $246B in Nov. 2024 to over $35B in July.
- Macro uncertainty and stronger equity markets reduced demand for Bitcoin and other risk assets.
Bitcoin trading volume on major cryptocurrency exchanges dropped in July, reaching its lowest levels since the late stages of the 2023 bear market. Data shared by on-chain analyst Darkfost showed that trading activity has continued to slow despite Bitcoin remaining one of the largest digital assets by market capitalization.
The decline coincided with cautious investor sentiment, expectations of a possible U.S. Federal Reserve interest rate increase, and broader macroeconomic concerns. While Binance retained its position as the largest Bitcoin spot exchange by trading volume, industry activity remaine…
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