Bitfinex reports a 66% drop in crypto spot trading activity this quarter, with volumes down from $500 billion to $250 billion. Market analysts suggest a breakout for Bitcoin as key levels tighten, with potential surge in volatility. Bitcoin briefly hit $94,330 but slipped after Fed rate cut, offering little upside.

Read more at Cointelegraph: Crypto Spot Volumes Down 66% From Peak as Next Cycle Leg Nears