The past two months have been relatively uneventful for cryptocurrency markets. Bitcoin and Ethereum have been trading sideways since mid-June, and despite minor bull rallies in July, the market is essentially unchanged. Trading volume is showing a significant drop today, with Bitcoin’s 24-hour volume down over 37% while Ethereum’s is down over 40%. The sharp decrease in trading volume makes sense since today is Sunday, and most traders are taking the day off. Key Points: Cryptocurrency markets remain weak and continue trading sideways as trading volume decreases sharply. Bitcoin bears are making their presence known as the underperformance of the
The post Cryptocurrency Markets Remain Flat as Bitcoin and Ethereum Trading Volume Falters appeared first on The Merkle News.
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