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It's Wednesday, July 5th, 20203, and this is Markets Daily from CoinDesk. George Kluid is here for your Daily News Roundup.

On today's show, we're talking Bitcoin, the latest headlines, and more.

And just a reminder, CoinDisc is a news source and does not provide investment advice.

Bitcoin is up 2% while Ether has gained 3.7% since our last crypto update on June 30th.

The narrative remains, the institutions are back again as U.S. asset management firms chase the coveted spot Bitcoin ETF. Optimism around its success

remains so crypto trading volumes are on the rise. Notably, the month of June saw a rise in

trading volumes the first time in three months. The combined spot and derivative trading volumes on centralized exchanges climbed 14% to

$2.71 trillion.

That's the first monthly increase since March.

Still, spot trading volumes remain at historically low levels with volumes coming in at the

end of Q2, 20, at the lowest levels since

Q4, 2019.

...