#Btc #Eth #super Crypto trading volume dropped for the first time in seven months
Derivative transaction volume on crypto exchanges decreased for the first time in seven months, falling by 26.1 percent to $4.57 trillion.
On the other hand, as volumes fell, the spot market share of Binance, the world's largest crypto exchange, fell for the first time since September 2023.
CCData Research Analyst Jacob Joseph noted that trading activity on centralized exchanges generally slows in the two months following the Bitcoin halving event, consistent with patterns observed over the past two cycles. Joseph said, âIn addition, the higher than expected CPI inflation data and the increase in geopolitical tension in the Middle East created some uncertainty and fear in the market. "This coincides with negative net flows from spot Bitcoin ETFs, pushing prices of major crypto assets to rock-bottom lows."
