Crypto Trading Volumes Deteriorated Across Board Last Month as Market Slumped: JPMorgan

Arthur Hayes has been recognized as one of the most influential figures in the cryptocurrency sector, as highlighted in CoinDesk's annual list for 2025. His insights and predictions, particularly regarding market trends and specific cryptocurrencies, have garnered significant attention within the industry.

Cathie Wood, CEO of Ark Invest, has been recognized as one of the most influential figures in the cryptocurrency sector according to CoinDesk's annual list for 2025, which highlights key individuals shaping the industry. Wood's insights and strategies have garnered attention as the market evolves amidst increasing institutional interest.

Sirgoo Lee has been recognized as one of the most influential figures in the cryptocurrency sector, as highlighted in CoinDesk's annual list. This recognition underscores his significant contributions to the industry, particularly in shaping the evolving landscape of digital currencies.

Bitcoin (BTC) has dropped 3.6% as part of the CoinDesk 20 index, which is currently trading lower overall. This decline reflects a broader downturn in the cryptocurrency market, where many assets are underperforming amid increased sell pressure and reduced trading volumes.

Bitcoin's price has experienced a pullback following the Federal Reserve's recent decisions, with traders now seeking new catalysts to drive market momentum. The cryptocurrency is currently hovering around critical support levels, reflecting a cautious sentiment among investors.

UK-based Bitcoin company Satsuma has sold 579 of its 1,199 Bitcoin holdings for a total of $53.2 million. This sale reflects a strategic decision to capitalize on current market conditions as the company navigates the volatile cryptocurrency landscape.

The cryptocurrency market has faced a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) giving back recent gains, resulting in the liquidation of $370 million in bullish bets. This decline follows a brief period of optimism, highlighting the volatility inherent in the crypto market.

Strategy, formerly known as MicroStrategy, has formally opposed MSCI's proposal to exclude digital asset treasury companies from its indexes, arguing that the threshold of 50% digital assets on balance sheets is misguided and could harm the broader cryptocurrency market. The firm, led by Michael Saylor and CEO Phong Le, emphasizes the need for fair treatment of digital asset companies in index eligibility criteria.