Data: Last month's cryptocurrency trading volume was $6.58 trillion, marking the first decline in seven months

ChainCatcher news, according to CoinDesk, data from digital asset data provider CCData shows that the cumulative trading volume in the spot and derivatives markets has decreased by 43.8% to $6.58 trillion, a significant drop from the record high of $9.12 trillion in March, marking the first decline in seven months.

Futures and options market activity fell by 47.6% to $4.57 trillion. The spot market volume decreased relatively modestly by 32.6% to $2.01 trillion.
CCData stated: "This decline occurred after unexpected macroeconomic data, escalating geopolitical crises in the Middle East, and negative net inflows into U.S. spot Bitcoin ETFs, leading major crypto assets to retract the gains they achieved in March."