2024

Bitcoin

Reserve

Trillion

Bitcoin (BTC) trading volume reached unprecedented levels in the first eight months of 2024, surpassing previous records set during the 2021 bull market.
<h2 id="bitcoin-trading-volume-hits-new-record-surges-to-2-8-trillion-from-january-to-august">Bitcoin Trading Volume Hits New Record, Surges to $2.8 Trillion from January to August</h2>
According to data from Paris-based analytics firm Kaiko, the total nominal trading volume representing the dollar value of BTC traded on centralized exchanges reached a staggering $2.874 trillion between January and August.
This figure marked a nearly 20% increase compared to the $2.424 trillion recorded during the same period in 2021, making it the highest Bitcoin trading volume since 2012.
“The increase in crypto volatility has been accompanied by increased market participation, at least in the Bitcoin market,” Kaiko said in its weekly report, attributing the increase to increased activity on centralized exchanges.
Bitcoin’s increased volatility played a major role in this rally. According to TradingView data, the cryptocurrency’s 10-day realized volatility surged to 100% on an annualized basis in April, driven by strong inflows into U.S.-listed spot exchange-traded funds (ETFs) and expectations of a Federal Reserve rate cut. These factors have pushed Bitcoin’s price to an all-time high, surpassing $70,000.
Volatility rose again in early August due to concerns about the U.S. economy and the unraveling of the yen carry trade, which destabilized risk assets including cryptocurrencies.
The continued increase in trading volume and volatility indicates increased engagement in the bitcoin market, reflecting both increased interest and uncertainty as the cryptocurrency continues to evolve in the global financial landscape.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-btc-trading-volume-surpasses-records-set-during-2021-bull-market-here-are-the-details/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Trading Volume Surpasses Records Set During 2021 Bull Market! Here Are the Details</a>

Bitcoin (BTC) Trading Volume Surpasses Records Set During 2021 Bull Market! Here Are the Details

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