According to Odaily Planet Daily, as geopolitical tensions escalated and funds flowing into US spot ETFs slowed, cryptocurrency trading volume cooled in April, recording the first decline in seven months. According to a report by CCData, a digital asset data provider in London, the cumulative trading volume in the spot and derivatives markets fell 43.8% to $6.58 trillion, a sharp drop from the record high of $9.12 trillion in March. Futures and options market trading volume fell 47.6% to $4.57 trillion, and derivatives once again lost favor with investors. At the same time, spot market trading volume fell relatively mildly by 32.6% to $2.01 trillion.