Bitcoin's (CRYPTO: BTC) average spot trading volume fell to roughly $2.2 billion in July, according to K33 Research. That marked the token's weakest trading volume since Nov. 2023.
That chilly sentiment wasn't surprising, since fears of interest rate hikes and other macro headwinds had chilled the broader cryptocurrency market this year. Bitcoin currently trades at about $65,000, which is well below its all-time high of more than $126,000 in Oct. 2025.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Some investors might think that sluggish trading indicates Bitcoin's best days are over. However, I'm not too concerned about the top cryptocurrency's future -- and I believe it will heat up again and set fresh highs once the macroeconomic environment stabilizes.
In Nov. 2021, Bitcoin hit $69,000 amid the buying frenzy in meme stocks, cryptocurrencies, and other speculative investments. But in 2022 and 2023, the Fed's 11 consecutive rate hikes ended that rally, chilled the crypto market, and drove investors to more conservative investments.
#volume #rate
That chilly sentiment wasn't surprising, since fears of interest rate hikes and other macro headwinds had chilled the broader cryptocurrency market this year. Bitcoin currently trades at about $65,000, which is well below its all-time high of more than $126,000 in Oct. 2025.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Some investors might think that sluggish trading indicates Bitcoin's best days are over. However, I'm not too concerned about the top cryptocurrency's future -- and I believe it will heat up again and set fresh highs once the macroeconomic environment stabilizes.
In Nov. 2021, Bitcoin hit $69,000 amid the buying frenzy in meme stocks, cryptocurrencies, and other speculative investments. But in 2022 and 2023, the Fed's 11 consecutive rate hikes ended that rally, chilled the crypto market, and drove investors to more conservative investments.
#volume #rate
3 months ago
