Story perspectives

Bitcoin Spot Volume Hits 3-Year Low Amid Fed Uncertainty

7/30/2026

Summary

Story summary

U.S. analysts said average daily spot Bitcoin volume fell to $2.2 billion in July, its lowest since November 2023, while Bitcoin traded between $60,000 and $66,000, reaching $63,300 after a 3% weekly drop.
Glassnode reported that exchange deposits and withdrawals fell to three-year lows, while spot ETF flows turned into net outflows.
Traders assign a one-in-three chance to a 0.25-point Fed hike, while 64.2% expect the Federal Reserve to hold rates steady.

History

Historical Context

In 2017, the cryptocurrency Bitcoin was used by extremist sites like Daily Stormer to collect large donations, exemplified by a 14.88-bitcoin gift on August 20 worth $60,000. The high-value inflow attracted platform scrutiny, illustrating how sizable crypto contributions can prompt oversight, a pattern reflected in later cryptocurrency liquidity fluctuations across markets.

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Story summary

U.S. analysts said average daily spot Bitcoin volume fell to $2.2 billion in July, its lowest since November 2023, while Bitcoin traded between $60,000 and $66,000, reaching $63,300 after a 3% weekly drop.
Glassnode reported that exchange deposits and withdrawals fell to three-year lows, while spot ETF flows turned into net outflows.
Traders assign a one-in-three chance to a 0.25-point Fed hike, while 64.2% expect the Federal Reserve to hold rates steady.

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