Throughout last week, the cryptocurrency market has seen a lack of daily trading volume on most of its major digital assets. Bitcoin recorded a daily volume of around $3 billion while Ethereum struggled to see a volume of over $1 billion.
As of July 1, the volume of BTC remains above $4.2 billion and the volume of ETH has also recovered to $1.4 billion and the market is at a significantly better position than where it was a week ago.
Still, the cryptocurrency market has started to enter yet another downtrend with Ripple (XRP) and Bitcoin Cash (BCH) recording a 2 percent loss in the past few hours. Given the high daily volume of Tether (USDT), a digital asset whose value is hedged to the US dollar at nearly $3 billion, the market is showing a high level of volatility.
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