Cryptocurrency trading volume fell for the first time in seven months last month to $6.58 trillion
ChainCatcher report from digital asset data provider CCData shows that the cumulative trading volume in spot and derivatives markets has decreased by 43.8% to $6.58 trillion, significantly dropping from the record high of $9.12 trillion in March, marking the first decline in seven months.
Activity in futures and options markets dropped by 47.6% to $4.57 trillion. Spot market trading volume relatively moderately declined by 32.6%, reaching $2.01 trillion.
CCData stated: "This decline occurred following unexpected macroeconomic data, escalating geopolitical crises in the Middle East, and negative net inflows into US spot Bitcoin ETFs, causing major crypto assets to retreat from their gains made in March."
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