Hey there! Have you heard the latest about Bitcoin? Its weekend trading volumes have hit an all-time low! According to Kaiko's research, this is partly due to the launch of spot ETFs in the US, which has led to a shift in trading habits. Additionally, the closure of crypto-friendly banks like Signature and Silicon Valley has also contributed to the decline.
But don't worry, July is shaping up to be an exciting month for crypto! With potential Ethereum ETF approvals, an altcoin season gaining momentum, and significant token unlocks, things are about to get interesting. And let's not forget the possible impact of Mt. Gox users entering the market and the FOMC meeting at the end of July.
Historically, Bitcoin has performed well in July, with price increases in seven of the past eleven years. So, who knows what this month will bring? One thing's for sure - it's going to be a wild ride! Buckle up, crypto enthusiasts!