
Bullish Trading Volume Drops 43% but Spread Jump Offsets Decline
Exchange's annual revenue proxy slips just 1.6% as wider spreads mitigate lower volume
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Original coverage across the crypto market, updated daily.

Exchange's annual revenue proxy slips just 1.6% as wider spreads mitigate lower volume
US markets declined as disappointing tech earnings and rising oil prices weighed on investor sentiment.

BTC briefly fell under $64,000 as U.S. bond yields surged, while Binance bid liquidity helped stem further declines.

RLUSD holder count rises but monthly transfer volume drops to $10.95B, down 25%.

The total stablecoin market cap fell $10 billion since May, with $7.7 billion erased in June alone, but analysts expect long-term growth.
Investor who predicted 2008 crash says US stocks are overvalued and a severe correction is likely.

An altcoin season indicator has triggered after nearly two years, driven by bitcoin's sharp decline.
On-chain leverage ratio in DeFi hit 2021 levels due to falling total value locked, not rising debt, per Binance Research.

The Producer Price Index jumped 1.1% in May, pushing the annual rate to 6.5%, while Bitcoin reacted with a price decline.

Arca says MicroStrategy's sale of 32 BTC, not AI capital rotation, caused last week's bitcoin price decline.

The crypto market experienced its largest weekly decline since the FTX collapse, with nearly $390 billion in value erased.