Market researcher K33 Research has revealed how stagnant the crypto money market is with the new data he announced. K33 announced that its seven-day spot Bitcoin (BTC) trading volume has reached its lowest level in the last 30 months.
Bitcoin trading volume, which fell to $ 2 billion, last saw similar levels in the first days of 2021. Experts at K33 Research Bendik Schei and Vetle Lunde commented in an investor note:
“The cryptocurrency market is officially in a summer sleep. The stagnant market, marked by low volatility, will not stay the same forever. Traders using high leverage should be wary of sudden movements.”
7-day average of Bitcoin (BTC) trading volumes.Crypto experts commented that if spot BTC funds are accepted in the USA, the market will move again. The Bitcoin and altcoin market is waiting for the FED interest rate decision, which will be announced today evening.
62167
