• Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell more than 40% in June, according to CryptoCompare
• In June the price of bitcoin hit a monthly low of $28,908; a daily volume maximum of $138.2 billion was down 42.3% from the intra-month high in May.
The report pointed to China as a major catalyst, according to Reuters, which reported on it earlier Monday. China's latest of many efforts over the years to crack down on the industry have had a greater impact than ever before. Investors and experts in the cryptocurrency ecosystem still see a long-term positive trend for bitcoin and other cryptocurrencies, however.
I understand people are getting tired of the rock pools.
When cryptocurrencies hit their all-time highs this year “a lot of people invested upwards and a lot of new people invested at the top, and they lost money, "Half the market is gone, we can't expect the same volumes when the market is basically a lot of people who are new to the space who got spooked."
Note "Bitcoin derivatives peaked at $230 billion in May before waning to $45 billion on July 9, according to Trade the Chain.
Bitcoin options put to call ratio is now sitting at 0.60, from a high of 0.65 in June, which means that traders are becoming less bearish as the months progress.
NOW let's not forget that overall volumes are still magnitudes greater than they were one year ago today. You can reach out at Orlandosancez12 @ gmail com for more on how you can trade those coins to grow rather than letting it sit bullocks in you wallet.