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Crypto trading volume fell in June to lowest since 2020

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Cryptocurrency trading volumes have plummeted amid a dreadful first half of the year for the industry.

volumes have plummeted amid a dreadful first half of the year for the industry.

The month of June alone saw spot volumes drop nearly 28% to $1.41-trillion as bitcoin tumbled, the lowest since December 2020, according to data compiled by CryptoCompare. “Volume has declined given the reduced excitement from investors in a cyclical bear market,” Katie Stockton, co-founder of Fairlead Strategies, said in a message. “Until crypto prices break out of their bear-market cycle, which could take months, we can expect volume to be below average.”

 

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