Global cryptocurrency spot and DEX volumes declined sharply in November, with Bitcoin prices falling and U.S. ETFs seeing significant outflows, underscoring weaker market sentiment.
Global cryptocurrency spot trading volume fell 26.7% in November to $1.59 trillion, the lowest since June. Binance led with $599.34 billion, down from $810.44 billion in October. Decentralized exchange volume dropped to $397.78 billion. Bitcoin’s price declined to $86,500 during the month. U.S. spot Bitcoin ETFs posted net outflows of $3.48 billion, signaling reduced investor confidence.