Bitcoin trading volumes halve from May peaks – Bits Media

Average Daily Bitcoin Trading Volume Down 47 In June% compared to the record in May.

In June, the average daily volume of Bitcoin transactions was $34.8 billion, while in May this figure reached a record $67 billion a day. So far, average daytime Bitcoin trading volume has been the smallest since December last year.

"Traiders definitely lost his appetite to Bitcoin against the background of the current unstable situation in the market", - noted in their report Analysts Arcane Research.

A decrease in the volume of trading affects the income of cryptocurrency exchanges. for instance, from 14 april, When Coinbase shares began on the NASDAQ Stock Exchange., The cost of these securities has decreased by 31%.

“The collapse of prices in May and Ilon Mask Mask on Twitter really stimulated trade activity, Having made May a record month ", -said the vice president of research of cryptocurrency assets and blockchain at Needham&Compay John Todaro (John Todaro).

Todaro noted, that there is nothing surprising in some decrease in activity. However, he expects, that by the end of the month the volume of trading is leveled and reached the levels of April and March.

Recall, that May became the first month in history, when the volume of trading on cryptocurrency exchanges exceeded $2 trlne for the month.