Bitcoin trading volumes dip from mid-July peak but stay above early monthly lows

Bitcoin spot and futures volumes have declined since reaching highs on July 16, with spot at $10.22 billion and futures at $60.17 billion, according to Glassnode on X. As of Aug. 7, volumes dropped to $6.61 billion and $41.05 billion but remain above the early July lows of $4.85 billion and $33.82 billion.