Sputtering Bitcoin’s Spot Trading Volumes Sink to a 30-Month Low

Seven-day average Bitcoin spot trading volume is sliding
Token holds below $30,000 as the 2023 crypto rally cools

Bitcoin branding at the Dubai Crypto Expo.
Photographer: Christopher Pike/Bloomberg

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By Siuming Ho

July 26, 2023 at 8:41 AM UTC

Updated on

July 26, 2023 at 1:57 PM UTC

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A metric tracking how much Bitcoin is being bought and sold has slid to a 30-month low as the largest digital asset holds below $30,000.

The seven-day average of Bitcoin spot trading volume on July 22 was the least since around the start of 2021 amid subdued price swings, K33 Research said.