The summer slumber is here
The crypto market currently finds itself in a proper summer slumber, with volumes reaching 30-month lows while BTC’s intraday volatility on three occasions in July reached levels close to the lows from December 2022 to January 2023.Preview
Bitcoin fell below $30k on Monday, pushing towards weekly losses of 3% as it currently trades at $29,100. A similar decline was seen in ETH and BNB, as all the majors faced moderate headwinds on Monday.
The crypto market currently finds itself in a proper summer slumber, with volumes reaching 30-month lows while BTC’s intraday volatility on