News Snapshot:
Cryptocurrency trading volumes tumbled more than 40% in June, amid a regulatory crackdown in China and lower price volatility. Bitcoin stocks were down. X Spot trading volumes fell 42.7% to $2.7 trillion, with derivative volumes down 40.7% to $3.2 trillion, according to London-based researcher CryptoCompare. Price volatility also weakened, which in turn depressed trading volumes as well. Bitcoin, the largest cryptocurrency, fell more than 6% in June. It hit a monthly low of $28,908, the lowest level in six months, as Chinese authorities remain relentless in tightening bitcoin trading and mining restrictions. Most recently, Chinese authorities shut down mining activity...
