April 19, 2024

Bitcoin trading volume fell 32% in June

Bitcoin trading volume fell 32% in June

In June, the volume of trade in bitcoins and futures based on them decreased by a third. At the same time, there was an increase in the activity of cryptocurrency users.

According to the crypto market monitoring serviceCryptoCompare, the spot market lost 31.98% of the volume, and bitcoin futures trading decreased by 40.39% (from $ 557 billion in May to $ 332 billion in June). However, during the same period, decentralized exchanges experienced a 70 percent jump in turnover, reaching $ 1.51 billion.

Bitcoin trading volume fell 32% in June

Despite the decline in trade, researchers from Glassnode recorded record figuresnetwork activity.According to their analysis, the number of new addresses, active users and the average number of transactions reached their maximum values ​​in the entire history of Bitcoin. For example, recently the number of active addresses has grown to 1.08 million, and up to 450 thousand new ones are created daily.

Bitcoin trading volume fell 32% in June

A slight increase in the activity of the crypto community is also noted. The total number of posts on Bitcoin on various social platforms for the week reached 927 thousand.

In addition to growing interest, the number of military-technical cooperation held in the form of long-term investments is also increasing.

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