Crypto spot volumes pick up amid bitcoin rally

Spot volumes for cryptocurrencies have been at historic lows.

Crypto exchange volumes have picked up as bitcoin remains in close proximity to the $30,000 price threshold, as indicated by data from The Block data dashboard.

The recent increase in trading volumes aligns with a recent price rally and a surge in volatility, which can be partially attributed to false rumors circulating about the Securities and Exchange Commission's potential approval of a spot exchange-traded fund.

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