China’s persistent crackdown on bitcoin mining took a heavy toll on the global crypto market with prices of the digital currency falling 6% and spot volumes slumping 42.7% in June. In June, spot volume from the 15 largest top-tier exchanges decreased 51.6% on average against May. On derivatives volumes, the CryptoCompare report said, “Derivatives volumes surpassed those of spot for the first time this year, with 53.8% market share, compared to 49.4% in May. Derivatives volumes decreased by 40.7% in June to $3.2 trillion while total spot volumes decreased by 42.7% to $2.7 trillion." This was followed by OKEx ($2.5 billion, down 30.8%) and Bybit ($2.2 billion, down 37.2%).

Source: Mint July 10, 2021 09:00 UTC