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Bitcoin trading volumes have plunged to their lowest levels this year. This chart shows how steep the drop has been

2 monthes ago   |   By Business Insider

Photo illustration by Edward Smith/Getty Images
Bitcoin trading volumes have slumped to their lowest level this year, on par with summer 2020.
July's weekly average of $3 billion is about the same volume as in mid-December 2020.
Summer is one reason behind low activity in the market, two crypto experts said.
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Bitcoin's trading volume has dropped sharply in the past three months, with weekly volatility declining even further this week. Seven-day volatility has reached 1.68%, down from more than 5% in February 2021...
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