Bitcoin Spot Trading Volume Hits 6-Year Low Amidst Changing Market Dynamics
The spot trading volume of Bitcoin has reached its lowest point in six years, marking a significant decline from the high trading activity observed earlier in the year. Several factors contribute to this decline: Macroeconomic Uncertainty: Concerns about the broader economic landscape, driven by ...
Cryptocurrency Market Update: Bitcoin, Ethereum, and Polygon Experience Sideways Movement in May 2023
The rise in cryptocurrency prices in the first four months of 2023 was replaced by a decline in May, which turned into a sideways trend amid several events. Bitcoin Bitcoin rose 0.35% in seven days, from May 12 to May 19. The bigge ...