CEX spot trading volume hits 9-month low in June

Centralized crypto exchanges (CEXs) recorded $1.07 trillion in spot trading volume in June, the lowest monthly figure in the past nine months, according to The Block. Min Jung, an analyst at Presto Research, explained that although Bitcoin has held steady near its record high, many altcoins, such as Ethereum (ETH), remain about 40% below their peak levels. The market continues to be driven primarily by institutional demand for Bitcoin, while retail investor activity remains subdued.