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Bitcoin (BTC) $ 85,907.00
Ethereum (ETH) $ 2,023.80
XRP (XRP) $ 2.49
Tether (USDT) $ 1.00
BNB (BNB) $ 625.87
Solana (SOL) $ 133.99
USDC (USDC) $ 0.999797
Cardano (ADA) $ 0.730641
Dogecoin (DOGE) $ 0.175674
TRON (TRX) $ 0.232134
Lido Staked Ether (STETH) $ 2,023.39
Wrapped Bitcoin (WBTC) $ 85,705.00
Chainlink (LINK) $ 14.72
Toncoin (TON) $ 3.67
LEO Token (LEO) $ 9.82
Stellar (XLM) $ 0.284962
Wrapped stETH (WSTETH) $ 2,423.64
USDS (USDS) $ 0.999995
Hedera (HBAR) $ 0.193933
Avalanche (AVAX) $ 19.30
Pi Network (PI) $ 1.16
Sui (SUI) $ 2.42
Shiba Inu (SHIB) $ 0.000013
Litecoin (LTC) $ 93.61
Bitcoin Cash (BCH) $ 346.62
Polkadot (DOT) $ 4.47
MANTRA (OM) $ 6.82
WETH (WETH) $ 2,022.94
Bitget Token (BGB) $ 4.76
Ethena USDe (USDE) $ 0.999951
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Hyperliquid (HYPE) $ 14.96
Wrapped eETH (WEETH) $ 2,149.12
Uniswap (UNI) $ 6.88
WhiteBIT Coin (WBT) $ 28.66
Monero (XMR) $ 209.60
sUSDS (SUSDS) $ 1.04
Aptos (APT) $ 5.50
NEAR Protocol (NEAR) $ 2.73
Dai (DAI) $ 0.999995
OKB (OKB) $ 52.28
Pepe (PEPE) $ 0.000007
Internet Computer (ICP) $ 5.88
Gate (GT) $ 22.83
Ethereum Classic (ETC) $ 18.33
Mantle (MNT) $ 0.818738
Tokenize Xchange (TKX) $ 34.40
Ondo (ONDO) $ 0.868548
Aave (AAVE) $ 177.98
Coinbase Wrapped BTC (CBBTC) $ 85,908.00
VeChain (VET) $ 0.026545
Official Trump (TRUMP) $ 11.39
Cronos (CRO) $ 0.080467
Bittensor (TAO) $ 256.49
Kaspa (KAS) $ 0.081575
First Digital USD (FDUSD) $ 0.999886
Cosmos Hub (ATOM) $ 4.67
Ethena (ENA) $ 0.385669
Filecoin (FIL) $ 3.03
POL (ex-MATIC) (POL) $ 0.217799
Celestia (TIA) $ 3.35
Lombard Staked BTC (LBTC) $ 86,183.00
Render (RENDER) $ 3.38
Arbitrum (ARB) $ 0.378352
Fasttoken (FTN) $ 4.03
Sonic (prev. FTM) (S) $ 0.538993
Algorand (ALGO) $ 0.196736
Arbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00
Optimism (OP) $ 0.906403
Jupiter (JUP) $ 0.536526
Artificial Superintelligence Alliance (FET) $ 0.541563
Story (IP) $ 5.48
KuCoin (KCS) $ 11.28
Solv Protocol SolvBTC (SOLVBTC) $ 85,701.00
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Binance-Peg WETH (WETH) $ 2,027.35
Quant (QNT) $ 78.82
Kelp DAO Restaked ETH (RSETH) $ 2,101.43
XDC Network (XDC) $ 0.071460
NEXO (NEXO) $ 1.11
Movement (MOVE) $ 0.450841
Maker (MKR) $ 1,291.26
DeXe (DEXE) $ 18.94
Immutable (IMX) $ 0.588666
Worldcoin (WLD) $ 0.881574
Rocket Pool ETH (RETH) $ 2,284.36
Stacks (STX) $ 0.653162
Binance Staked SOL (BNSOL) $ 139.47
Injective (INJ) $ 10.05
Sei (SEI) $ 0.200769
Usual USD (USD0) $ 0.997688
Theta Network (THETA) $ 0.950935
The Graph (GRT) $ 0.097348
Flare (FLR) $ 0.015116
Lido DAO (LDO) $ 1.02
Bonk (BONK) $ 0.000012
EOS (EOS) $ 0.573442
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 85,541.00
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Mantle Staked Ether (METH) $ 2,148.12
PayPal USD (PYUSD) $ 0.999733
Wrapped BNB (WBNB) $ 626.85
Stargate Bridged USDC (Berachain) (USDC.E) $ 0.999763
GALA (GALA) $ 0.017491
PancakeSwap (CAKE) $ 2.59
Tether Gold (XAUT) $ 3,051.83
Tezos (XTZ) $ 0.725873
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
The Sandbox (SAND) $ 0.291903
BitTorrent (BTT) $ 0.00000071
Bitcoin SV (BSV) $ 35.17
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 85,643.00
IOTA (IOTA) $ 0.186829
JasmyCoin (JASMY) $ 0.014109
Flow (FLOW) $ 0.433174
Jito (JTO) $ 2.17
Berachain (BERA) $ 6.13
PAX Gold (PAXG) $ 3,062.15
Kaia (KAIA) $ 0.109914
Marinade Staked SOL (MSOL) $ 171.12
Renzo Restaked ETH (EZETH) $ 2,108.23
Stables Labs USDX (USDX) $ 1.00
FLOKI (FLOKI) $ 0.000063
Curve DAO (CRV) $ 0.461642
NEO (NEO) $ 8.52
Ethereum Name Service (ENS) $ 17.52
Helium (HNT) $ 3.22
Telcoin (TEL) $ 0.006286
Raydium (RAY) $ 1.95
Jupiter Staked SOL (JUPSOL) $ 146.53
Kava (KAVA) $ 0.512558
Pyth Network (PYTH) $ 0.152783
Resolv USR (USR) $ 0.999860
Axie Infinity (AXS) $ 3.43
Zcash (ZEC) $ 34.12
Honey (HONEY) $ 1.00
Beldex (BDX) $ 0.075569
dYdX (DYDX) $ 0.678947
MultiversX (EGLD) $ 18.25
Decentraland (MANA) $ 0.272568
dogwifhat (WIF) $ 0.497763
TrueUSD (TUSD) $ 1.00
Ronin (RON) $ 0.791003
Mantle Restaked ETH (CMETH) $ 2,147.01
pumpBTC (PUMPBTC) $ 82,258.00
Starknet (STRK) $ 0.172747
Core (CORE) $ 0.475858
L2 Standard Bridged WETH (Base) (WETH) $ 2,023.34
Arweave (AR) $ 7.05
Conflux (CFX) $ 0.090717
Plume (PLUME) $ 0.226551
Binance-Peg Dogecoin (DOGE) $ 0.176300
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
eCash (XEC) $ 0.000022
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 85,846.00
Virtuals Protocol (VIRTUAL) $ 0.675645
THORChain (RUNE) $ 1.24
APENFT (NFT) $ 0.00000044
Chiliz (CHZ) $ 0.045939
Super OETH (SUPEROETHB) $ 2,023.97
ApeCoin (APE) $ 0.533291
clBTC (CLBTC) $ 84,512.00
Aerodrome Finance (AERO) $ 0.525348
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,023.80
Pudgy Penguins (PENGU) $ 0.006607
OUSG (OUSG) $ 110.37
Hashnote USYC (USYC) $ 1.08
Pendle (PENDLE) $ 2.49
USDB (USDB) $ 0.986179
SPX6900 (SPX) $ 0.428208
Onyxcoin (XCN) $ 0.012043
Compound (COMP) $ 43.75
Ondo US Dollar Yield (USDY) $ 1.09
Fartcoin (FARTCOIN) $ 0.382952
Polygon (MATIC) $ 0.217883
StakeWise Staked ETH (OSETH) $ 2,113.28
Axelar (AXL) $ 0.400481
Trust Wallet (TWT) $ 0.896691
Infrared Bera (IBERA) $ 5.48
cgETH Hashkey Cloud (CGETH.HASH) $ 2,076.79
ether.fi Staked ETH (EETH) $ 2,019.24
Beam (BEAM) $ 0.006858
Grass (GRASS) $ 1.31
tBTC (TBTC) $ 85,634.00
Terra Luna Classic (LUNC) $ 0.000065
Olympus (OHM) $ 21.66
Frax (FRAX) $ 0.998901
Lorenzo stBTC (STBTC) $ 85,636.00
Amp (AMP) $ 0.004080
Gnosis (GNO) $ 129.54
Mantle Bridged USDT (Mantle) (USDT) $ 1.00
Brett (BRETT) $ 0.033467
Mina Protocol (MINA) $ 0.267764
AIOZ Network (AIOZ) $ 0.284242
Reserve Rights (RSR) $ 0.005841
Morpho (MORPHO) $ 1.37
Binance-Peg BUSD (BUSD) $ 1.01
StakeStone Berachain Vault Token (BERASTONE) $ 2,006.16
KAITO (KAITO) $ 1.33
JUST (JST) $ 0.030419
Verus (VRSC) $ 3.83
Synthetix Network (SNX) $ 0.882181
Akash Network (AKT) $ 1.21
Polygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,023.32
Coinbase Wrapped Staked ETH (CBETH) $ 2,208.38
Dash (DASH) $ 24.03
Kusama (KSM) $ 17.94
1inch (1INCH) $ 0.210208
Eigenlayer (EIGEN) $ 1.18
Stader ETHx (ETHX) $ 2,138.26
Creditcoin (CTC) $ 0.651268
Golem (GLM) $ 0.282521
SafePal (SFP) $ 0.557453
MX (MX) $ 2.93
Polygon Bridged WBTC (Polygon POS) (WBTC) $ 85,732.00
Cheems Token (CHEEMS) $ 0.000001
Ether.fi Staked BTC (EBTC) $ 83,910.00
LayerZero (ZRO) $ 2.42
Theta Fuel (TFUEL) $ 0.038849
Swell Ethereum (SWETH) $ 2,198.21
Aethir (ATH) $ 0.033624
ZKsync (ZK) $ 0.072272
Sonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
Bounce (AUCTION) $ 40.10
Frax Ether (FRXETH) $ 2,020.26
USDD (USDD) $ 1.00
Snek (SNEK) $ 0.003459
Quorium (QGOLD) $ 3,049.14
SATS (Ordinals) (SATS) $ 0.00000012
Zilliqa (ZIL) $ 0.012835
Venom (VENOM) $ 0.121375
Wormhole (W) $ 0.085517
Bybit Staked SOL (BBSOL) $ 143.14
Astar (ASTR) $ 0.032540
Blur (BLUR) $ 0.108914
Notcoin (NOT) $ 0.002392
Qtum (QTUM) $ 2.31
cWBTC (CWBTC) $ 1,724.14
Elixir deUSD (DEUSD) $ 0.999563
dYdX (ETHDYDX) $ 0.678804
Echelon Prime (PRIME) $ 4.26
Nervos Network (CKB) $ 0.005191
Basic Attention (BAT) $ 0.156280
Safe (SAFE) $ 0.415884
0x Protocol (ZRX) $ 0.268695
VeThor (VTHO) $ 0.002604
Oasis (ROSE) $ 0.033352
Baby Doge Coin (BABYDOGE) $ 0.00000000
Livepeer (LPT) $ 5.64
WEMIX (WEMIX) $ 0.521002
Arkham (ARKM) $ 0.560986
Mask Network (MASK) $ 2.18
Liquid Staked ETH (LSETH) $ 2,167.58
aBTC (ABTC) $ 85,422.00
CHEX Token (CHEX) $ 0.213206
WhiteRock (WHITE) $ 0.000324
GHO (GHO) $ 0.999617
SuperVerse (SUPER) $ 0.464925
BTSE Token (BTSE) $ 1.29
Osmosis (OSMO) $ 0.291715
ai16z (AI16Z) $ 0.189515
Stargate Finance (STG) $ 0.214671
ORDI (ORDI) $ 9.89
USDa (USDA) $ 0.996788
MEOW (MEOW) $ 0.002298
RedStone (RED) $ 0.734933
DeepBook (DEEP) $ 0.082412
Solayer (LAYER) $ 0.976110
AI Companions (AIC) $ 0.205046
Celo (CELO) $ 0.362361
Holo (HOT) $ 0.001151
Fluid (FLUID) $ 5.14
OriginTrail (TRAC) $ 0.405977
KOGE (KOGE) $ 59.52
Decred (DCR) $ 12.03
Ket (KET) $ 0.197450
Dog (Bitcoin) (DOG) $ 0.001976
Vana (VANA) $ 6.34
SwissBorg (BORG) $ 0.200574
Gas (GAS) $ 3.02
Rollbit Coin (RLB) $ 0.089062
Frax Share (FXS) $ 2.20
Ravencoin (RVN) $ 0.012796
Staked Frax Ether (SFRXETH) $ 2,269.03
Siacoin (SC) $ 0.003373
Popcat (POPCAT) $ 0.190458
MimbleWimbleCoin (MWC) $ 16.85
Mog Coin (MOG) $ 0.00000047
Ankr Network (ANKR) $ 0.018401
GoMining Token (GOMINING) $ 0.445177
Moca Network (MOCA) $ 0.095642
Chia (XCH) $ 12.54
aelf (ELF) $ 0.244407
Trip (TRIP) $ 6.08
APF coin (APFC) $ 1.05
Bridged Ether (StarkGate) (ETH) $ 2,023.67
Act I The AI Prophecy (ACT) $ 0.188614
yearn.finance (YFI) $ 5,277.51
BENQI Liquid Staked AVAX (SAVAX) $ 23.00
AgentFun.AI (AGENTFUN) $ 1.77
Drift Protocol (DRIFT) $ 0.605367
NEM (XEM) $ 0.019580
cat in a dogs world (MEW) $ 0.001963
Threshold Network (T) $ 0.017192
Peanut the Squirrel (PNUT) $ 0.173183
Treehouse ETH (TETH) $ 2,427.39
UXLINK (UXLINK) $ 0.504047
Enjin Coin (ENJ) $ 0.093745
Convex Finance (CVX) $ 2.07
Ripple USD (RLUSD) $ 0.999137
RCGE ($RCGE) $ 0.014215
Resolv wstUSR (WSTUSR) $ 1.07
IoTeX (IOTX) $ 0.017721
WOO (WOO) $ 0.086866
Sun Token (SUN) $ 0.016753
SKALE (SKL) $ 0.028466
Hivemapper (HONEY) $ 0.039738
Turbo (TURBO) $ 0.002355
ZetaChain (ZETA) $ 0.219687
XYO Network (XYO) $ 0.011492
Constellation (DAG) $ 0.044762
EthereumPoW (ETHW) $ 1.46
Polymesh (POLYX) $ 0.138038
LCX (LCX) $ 0.167676
CoinEx (CET) $ 0.058131
Tribe (TRIBE) $ 0.344557
Casper Network (CSPR) $ 0.012047
Ether.fi (ETHFI) $ 0.674942
Wrapped Ether (Mantle Bridge) (WETH) $ 2,026.31
Wrapped Beacon ETH (WBETH) $ 2,154.40
Toshi (TOSHI) $ 0.000362
KUB Coin (KUB) $ 1.71
Horizen (ZEN) $ 9.55
Magic Eden (ME) $ 1.13
Elixir Staked deUSD (SDEUSD) $ 1.03
Gigachad (GIGA) $ 0.015559
GMT (GMT) $ 0.054255
Freysa AI (FAI) $ 0.018228
Harmony (ONE) $ 0.012128
Kadena (KDA) $ 0.481501
GMX (GMX) $ 14.75
Metaplex (MPLX) $ 0.189401
Binance-Peg SOL (SOL) $ 134.38
DigiByte (DGB) $ 0.008277
Nano (XNO) $ 1.09
Waves (WAVES) $ 1.45
EURC (EURC) $ 1.09
Wrapped AVAX (WAVAX) $ 19.29
Mubarak (MUBARAK) $ 0.142130
Bio Protocol (BIO) $ 0.087470
Terra (LUNA) $ 0.206008
Mythos (MYTH) $ 0.180889
Kinesis Gold (KAU) $ 98.03
Ontology (ONT) $ 0.154122
Acet (ACT) $ 0.082985
Hamster Kombat (HMSTR) $ 0.002167
Global Dollar (USDG) $ 1.00
MAG7.ssi (MAG7.SSI) $ 0.713926
Amnis Aptos (AMAPT) $ 5.48
Euler (EUL) $ 7.41
Loopring (LRC) $ 0.108875
Qubic (QUBIC) $ 0.000001
STASIS EURO (EURS) $ 1.09
World Mobile Token (WMTX) $ 0.191749
Sushi (SUSHI) $ 0.687816
Galxe (GAL) $ 1.04
Solar (SXP) $ 0.206725
Nexus Mutual (NXM) $ 44.87
Kinesis Silver (KAG) $ 34.15
Spiko EU T-Bills Money Market Fund (EUTBL) $ 1.12
COTI (COTI) $ 0.071961
Cronos Bridged USDC (Cronos) (USDC) $ 0.995454
Saros (SAROS) $ 0.048865
Sologenic (SOLO) $ 0.319619
CoW Protocol (COW) $ 0.305869
Anzen USDz (USDZ) $ 0.982047
Polyhedra Network (ZKJ) $ 2.09
ZIGChain (ZIG) $ 0.088958
Band Protocol (BAND) $ 0.797933
io.net (IO) $ 0.837221
B3 (Base) (B3) $ 0.005732
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
ETHPlus (ETH+) $ 2,107.84
NKYC Token (NKYC) $ 30.24
Arbitrum Bridged USDC (Arbitrum) (USDC.E) $ 1.00
Biconomy (BICO) $ 0.125300
Prom (PROM) $ 6.38
Hive (HIVE) $ 0.246142
Gravity (G) $ 0.015983
Alchemy Pay (ACH) $ 0.023287
Status (SNT) $ 0.028974
SWFTCOIN (SWFTC) $ 0.011403
Solana Name Service (FIDA) $ 0.114655
Ozone Chain (OZO) $ 0.149083
Satoshi Airline (JET) $ 1.07
ViciCoin (VCNT) $ 19.62
Metis (METIS) $ 17.80
ICON (ICX) $ 0.105200
Rocket Pool (RPL) $ 5.23
Clearpool (CPOOL) $ 0.145682
Aevo (AEVO) $ 0.122684
Usual (USUAL) $ 0.155867
UMA (UMA) $ 1.28
Neiro (NEIRO) $ 0.000261
Manta Network (MANTA) $ 0.267836
Global Commercial Business (GCB) $ 0.090492
Illuvium (ILV) $ 14.54
MMX (MMX) $ 0.696297
Melania Meme (MELANIA) $ 0.722089
Spell (SPELL) $ 0.000679
Astherus USDF (USDF) $ 0.999441
UXD Protocol (UXP) $ 0.015341
Delysium (AGI) $ 0.067405
Zano (ZANO) $ 7.28
SPACE ID (ID) $ 0.248377
Across Protocol (ACX) $ 0.263624
Audius (AUDIO) $ 0.081386
Steakhouse USDC Morpho Vault (STEAKUSDC) $ 1.08
Zeus Network (ZEUS) $ 0.275321
Flux (FLUX) $ 0.275109
XPR Network (XPR) $ 0.003822
Animecoin (ANIME) $ 0.018711
Dymension (DYM) $ 0.406522
Velo (VELO) $ 0.013990
OKT Chain (OKT) $ 5.74
API3 (API3) $ 0.866038
BLOCKv (VEE) $ 0.028265
Maple Finance (SYRUP) $ 0.138055
AltLayer (ALT) $ 0.036398
Memecoin (MEME) $ 0.002448
Lisk (LSK) $ 0.569952
STP (STPT) $ 0.051606
QL1 Bridged USDT (QL1) (QUSDT) $ 1.00
Venus (XVS) $ 6.02
doginme (DOGINME) $ 0.001473
Drift Staked SOL (DSOL) $ 147.34
IOST (IOST) $ 0.004313
iExec RLC (RLC) $ 1.36
BOOK OF MEME (BOME) $ 0.001421
ALEO (ALEO) $ 0.283430
The Grays Currency (PTGC) $ 0.000329
Crypto Trading Fund (CTF) $ 0.806830
VVS Finance (VVS) $ 0.000002
PHALA (PHA) $ 0.121730
Ecoin (ECOIN) $ 0.000207
IQ (IQ) $ 0.004572
Balancer (BAL) $ 1.53
PAAL AI (PAAL) $ 0.106099
Iagon (IAG) $ 0.253662
dForce (DF) $ 0.095263
BORA (BORA) $ 0.082123
L2 Standard Bridged frxUSD (FRXUSD) $ 0.998088
Venice Token (VVV) $ 3.37
Solayer Staked SOL (SSOL) $ 142.81
Astherus Staked BNB (ASBNB) $ 554.44
Powerledger (POWR) $ 0.173734
Infinitar Governance Token (IGT) $ 0.448387
GAMA Coin (GAMA) $ 1.41
cETH (CETH) $ 40.69
Zircuit (ZRC) $ 0.041534
Marlin (POND) $ 0.011173
Ontology Gas (ONG) $ 0.223297
Big Time (BIGTIME) $ 0.050401
Sonic SVM (SONIC) $ 0.251911
Moonbeam (GLMR) $ 0.093525
Supra (SUPRA) $ 0.010103
Orbs (ORBS) $ 0.019758
Decentralized Social (DESO) $ 8.47
MetFi (METFI) $ 0.435645
Adventure Gold (AGLD) $ 0.961841
Chromia (CHR) $ 0.106337
Coreum (COREUM) $ 0.137060
Resolv RLP (RLP) $ 1.17
Frax USD (FRXUSD) $ 0.998033
sBTC (SBTC) $ 87,745.00
Cronos Bridged USDT (Cronos) (USDT) $ 0.996188
WAX (WAXP) $ 0.024955
Blast (BLAST) $ 0.003276
Level USD (LVLUSD) $ 1.00
aixbt by Virtuals (AIXBT) $ 0.101123
TempleDAO (TEMPLE) $ 3.60
Orca (ORCA) $ 1.62
Request (REQ) $ 0.111356
peaq (PEAQ) $ 0.115524
Avail (AVAIL) $ 0.042058
Verge (XVG) $ 0.005125
Zentry (ZENT) $ 0.012774
ConstitutionDAO (PEOPLE) $ 0.016648
Dogelon Mars (ELON) $ 0.00000015
Tokenlon (LON) $ 0.719898
Yield Guild Games (YGG) $ 0.204457
Pixer Eternity (PXT) $ 0.038765
MyShell (SHELL) $ 0.308421
HashKey Platform Token (HSK) $ 0.627969
dKargo (DKA) $ 0.017694
L2 Standard Bridged WETH (Blast) (WETH) $ 2,023.39
MVL (MVL) $ 0.003132
Stratis (STRAX) $ 0.044055
BitDCA (BDCA) $ 0.618168
Pundi X (PUNDIX) $ 0.317067

Bitcoin Trading Volume Reaches Lowest Level Yet In 2021

By Aleksandr On Jun 10, 2021

Bitcoin trading volumes have tumbled this month by 47% from May’s record level, in a bleak turn of events for the digital-asset industry as cryptocurrency prices retreat.

A daily average of $34.8 billion of bitcoin has changed hands in the first eight days of June, compared with the unprecedented $67 billion charted last month, based on data from CoinDesk Research. The June average so far is the lowest for any month since December.

“Traders have certainly lost the appetite for bitcoin in this uncertain market environment,” the Norwegian cryptocurrency analysis firm Arcane Research wrote Tuesday in a report.

The drop in trading volumes could have implications for cryptocurrency exchanges, which derive revenue from handling the transactions. The big U.S. exchange Coinbase’s stock price is down by 31% since it listed on April 14.

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“The big price crash in May and Elon Musk’s tweets really drove trading activity, making May a high-comp month,” said John Todaro, vice president of crypto asset and blockchain research at Needham & Company, referring to the CEO of Tesla.

Since the transaction volume is quoted in dollars rather than the number of BTC, the past month’s price drop by itself was a contributing factor, in addition to any waning in interest on the part of traders.

Read more: Bitcoin Futures Market in Capitulation Mode as Traders Turn Bearish

Todaro said the cryptocurrency will likely pick back up, and that June could end up coming in line with previous months like March and April in terms of trading activity.

On Wednesday, the price of bitcoin jumped the most in two weeks. The cryptocurrency was changing hands near $36,500 at press time, up from $31,000 where it traded late Tuesday.

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