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Cryptocurrencies: falling trading volumes

14/07/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Block Research dashboard data mentions that the seven-day average of daily crypto trading activities has declined.

At

De $19.4 billion on June 27, the average of daily crypto exchange activities rose to $14.2 billion on July 8. According to the information, even though the price of Bitcoin has remained constant over this period, it seems that traders have moved away from traditional spot trading to derivatives or off-exchange platforms. Like trading derivatives or using off-exchange platforms, the drop in the amount of cryptocurrency traded on a daily basis could indicate that traders are looking for ways to make more money

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