Crypto Trading Volumes Nosedive In June, Down 42%
Crypto trading numbers from top exchanges show that the volume traded in June was down 42% from volumes in May. The report from CryptoCompare shows that the slump was due to a number of factors. Some of these factors include the low price of bitcoin. The digital asset hit the $28,000 region in June. Combined […]
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Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China, amongst other factors. The resulting volatility seems to have made many traders lose interest. Trade Volumes Kept Falling in June Cryptocurrency trading volumes experienced a sharp decline in June, according to data from Cryptocompare. The data collected by the price and volume tracking....
NFTs have staged a huge comeback as evidenced by booming sales volumes, particularly the buoyancy of major collections, including the CryptoPunks market. Towards the end of June, dwindling interest saw rolling 7-day sales of NFTs nosedive from a peak of $176 million on May 9 to just $8.7 million on June 15. This led many […]
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%.
Crypto Trading Volumes Fall Across India
The trading volumes across crypto exchanges in India have fallen sharply after the new TDS (tax deducted at source) went into effect on July 1.
Trading volumes on major Indian crypto exchanges Wazirx, Coindcx, Zebpay, and Bitbns plunged about 83%, 70%, 76%, and over 18%, respectively, from....
Bitcoin's price woes this month likely put investors off from purchasing crypto ETPs, pushing volumes into a nosedive.
Bitcoin’s seven-day average trading volumes have continued to remain low, as the seven-day average trading volumes only reaching $3 billion. This comes on the heels of the digital asset seeing declining volatility in the market. The bitcoin trading market had seen a marked shift in trends as the average trading volumes remain at yearly lows. This trend follows the trend seen in trading volumes from last summer. Bitcoin volume had also remained low last summer, and this summer so far has followed the same trend. Bitcoin trading volumes had seen a small recovery after a dip in June....