Theme: Cryptocurrency trading volume picks up as Bitcoin remains close to the $30,000 price threshold.

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Data from The Block's data dashboard suggests that cryptocurrency trading volumes have picked up as Bitcoin remains close to the $30,000 price threshold. The 7-day moving average of daily trading volume across the industry's spot platform has been trending higher, increasing from $9.38 billion on September 26th to over $15 billion on October 20th.

To be sure, spot trading volume in the asset class is now at an all-time low. Trading volume on cryptocurrency exchanges was just $311 billion last month, the lowest level since 2020, according to The Block's data dashboard