The National Commission of Value (CNV), the securities regulator of Argentina, has approved the country's first regulated Bitcoin futures index to debut on the...

Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and...

Nobuaki Kobayashi, the Rehabilitation Trustee for collapsed Japanese Bitcoin exchange Mt. Gox, told former customers that they have until Friday to register their claims for...

DBS Digital Exchange, one of Asia’s first bank-backed cryptocurrency exchanges, last month reported an 80% surge in Bitcoin trading volume in 2022 from the...

Bitcoin is displaying no weak point, and the bullish development appears poised for an extension over the approaching days. In response to a report...

As Bitcoin breaks out of the $21k level, many crypto analysts have begun projecting further rallies for the asset. One of the famous crypto...

Advertisement &nbsp &nbsp Bitcoin’s recent price performance has turned many heads in the cryptocurrency market this year. The asset’s bullish price movement has elicited...

On Saturday (14 January 2022), John Reed Stark, an expert on digital regulatory compliance with 15 years of experience as an SEC enforcement attorney,...

If anyone knows what it’s like to be at the helm of a cryptocurrency bankruptcy, it’s Mark Karpeles, former chief executive officer of Tokyo-based...

Knowledge exhibits the Bitcoin buying and selling quantity has plunged to a 3-month low as renewed market volatility because of the FTX fiasco fades...

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.”Macroeconomic headwinds are continuously adding to a bearish narrative across all markets,...

Data shows the Bitcoin trading volume has further declined recently, suggesting that the latest rally may be losing steam. Bitcoin Spot Trading Volume Continues To Decline This Week According to the latest weekly report from Arcane Research,  the BTC spot volume has observed further decline in the past week. The “trading volume” is an indicator that measures the total amount of Bitcoin being involved in spot trades on any given day. When the value of this indicator goes up, it means more coins are now changing hands. This trend shows that the network is becoming more active. Usually, high volumes make up for an ideal environment for pushing any big price moves. This is because for sustaining such movements, you require a large amount of traders involved in the market. Which is precisely what high values of the metric represent. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High On the other hand, declining volumes imply that the Bitcoin network is turning inactive. Such a trend may be a sign of general disinterest in the crypto among investors at the moment. Now, here is a chart that shows the trend in the BTC Trading Volume over the past year: The indicator's value seems to have been declining recently | Source: Arcane Research's The Weekly Update - Week 11, 2022 As you can see in the above graph, the Bitcoin daily volume has been on the decline for a while now. Over the past seven days, this downtrend looks to have continued. The 7-day average spot volume is currently around just $4 billion. In the last week, the metric’s value has surged to $7 billion on only a single day. Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week Price activity usually revives the indicator as it attracts more traders. However, market activity has been rather declining recently, despite the value of Bitcoin observing some sharp upliftment over the past couple of days. A lack of traders means that it’s unlikely this rally would be able to march any further. Just like much of the recent trend, the coin’s price may start consolidating now instead of catching any real movement. BTC Price At the time of writing, Bitcoin’s price floats around $42.2k, up 5% in the last seven days. Over the past month, the crypto has accumulated 10% in gains. The below chart shows the trend in the price of the coin over the last five days. Looks like the price of BTC broke past the $43k mark yesterday | Source: BTCUSD on TradingView As the chart shows, it seems like the Bitcoin rally has already started losing steam, just like the trading volume had indicated. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research