Bitcoin Gains 9% in July, but On-Chain Data Signals Weak Conviction

Bitcoin (BTC) is on track to post its first monthly gain since April, but the rally has unfolded alongside weakening market activity.  The cryptocurrency is up 9.3% in July, while spot trading volume has dropped toward multi-year lows. Institutional demand has also cooled, highlighting a disconnect between price performance and market participation. Bitcoin Spot Volume The post Bitcoin Gains 9% in July, but On-Chain Data Signals Weak Conviction appeared first on BeInCrypto.