BlockBeats News, July 2nd, according to The Block data, the June CEX spot trading volume dropped to $1.07 trillion, lower than May's $1.47 trillion, hitting a nine-month low.
Presto Research analyst Min Jung said, "Despite Bitcoin holding steady and not far from its all-time high, the altcoin market is struggling. Most altcoins, including ETH, are still down nearly 40% from their peaks. This indicates that the market is mainly driven by institutional investors purchasing Bitcoin, while retail participation, which typically favors altcoins, remains relatively low."
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