Cryptocurrency Trading Volume Dips in April
Cryptocurrency trading volume saw its first decline in seven months this April, falling 43.8% to $6.58 trillion. Factors like increasing geopolitical tensions and reduced inflows into U.S.-listed spot ETFs contributed to the downturn. The derivatives market experienced a significant drop of 47.6%, while the spot market decreased by 32.6%, according to a report from London-based CCData. This pullback marks a sharp retreat from March's record high of $9.12 trillion. https://www.coindesk.com/markets/2024/05/09/crypto-monthly-trading-volume-drops-for-first-time-in-seven-months-to-658t/