Crypto Volume Plunge: Retail Fades, SpaceX IPO Buzz Fails to Move Markets

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By: James Vance
Crypto spot trading volume on centralized exchanges hit $679 billion in April 2026. Lowest since Oct 2023. Retail interest tanked—Google search data fell to 26-30 out of 100. Bitcoin struggled: dipped below $70K on June 2, briefly hit $60K. Coinbase lost $394.1M in Q1 2026. Spot bitcoin ETFs had 13 straight days of outflows totaling $4.4B. SpaceX IPO talk? On-chain data shows no crypto selling for it. Stablecoin outflows stayed normal. Exchange withdrawals of BTC, ETH? Sign of buying, not selling.
Author bio: James Vance, Senior Columnist at top-tier int’l tech weekly, specializes in dissecting crypto market dynamics