Daily spot market volumes on cryptocurrency exchanges fell below $10 billion for the first time since December 2020, according to The Block. Spot volumes fell to $9.2 billion on December 25, before continuing to drop to $8.5 billion on December 27. The last time daily spot volumes were below $10 billion was on Dec. 17, 2020, when Bitcoin’s price surged above $20,000 for the first time the day before. Bitcoin is now trading at around $16,682. NFT transactions have also fallen along with crypto transactions, with data showing that NFT sales have fallen every month since April.