July's slow pace continued over the past week, with bitcoin (BTC) falling 3% to $63,300 while remaining in a narrow consolidation range, according to research and brokerage firm K33.
The asset traded above $64,000 on Wednesday, per The Block’s BTC price page.
Muted activity across spot and derivatives markets has left July on track to record the lowest average daily bitcoin spot trading volume since November 2023, K33 Head of Research Vetle Lunde wrote in a Tuesday report.
Average daily spot volume across exchanges tracked by K33 reached $2.2 billion for the month, while the seven-day average stood at $2.1 billion, down 4% from the previous week.
Derivatives activity remains subdued Trading activity across derivatives markets also remained muted, Lunde said.
