Low BTC spot volume makes prices vulnerable to volatility, outlet warns

Bitcoin's daily spot trading volume has recently fallen below $8 billion, leading to reduced market depth and liquidity that make prices more vulnerable to sharp fluctuations, CoinDesk reported, citing analysis from Glassnode. Market depth refers to the size of buy and sell orders within 2% of the current price. The outlet added that the Federal Reserve is set to announce its interest rate decision on April 29. While the market expects rates to remain unchanged, risk assets could be impacted if the Fed releases a hawkish statement expressing concerns about economic growth and inflation risks.