Bitcoin's trading volume in July was the lowest since November 2020, according to data from K33. This decline in volume coincided with a decrease in volatility, with Bitcoin's five-day volatility dropping below that of the S&P 500, tech stocks, and gold. The market is currently experiencing an unprecedented stable stage, which could potentially lead to a significant increase in volatility once it reignites. Despite the potential for a Bitcoin ETF and regulatory clarity in the sector, large investors are still hesitant to enter the crypto market due to ongoing uncertainties. However, one major announcement or event could encourage brave investors to take the first step and trigger increased trading volumes.
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