bullish

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-sees-significant-volume-surge-after-u-s-presidential-elections/" data-wpel-link="internal">Bitcoin Sees Significant Volume Surge After U.S. Presidential Elections</a> 
Bitcoin (BTC) experienced a notable increase in trading volume following the U.S. presidential elections, reaching a record trading volume of $145 billion in the last 24 hours. According to data compiled by Matrixport, this volume reflects a rise of over 50% compared to the rapid decline witnessed in August and the peak levels of March 2024. 
<h2 style="text-align: justify" id="strong-individual-investor-interest-reawakens-strong">Individual Investor Interest Reawakens</h2> 
Matrixport indicates that this recent surge in trading volume signals a resurgence of interest among individual investors in the <a href="https://en.coin-turk.com/terra-classic-lunc-fights-the-decline-will-it-reach-the-0-00012-mark/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/ripple-ceo-brad-garlinghouse-predicts-a-reset-for-the-crypto-industry/" data-wpel-link="internal">cryptocurrency</a> market. Historically, individual investors tend to show high engagement in bull markets for weeks or even months. This increase can be interpreted as a bullish signal for the Bitcoin market. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-406294" src="https://coin-turk.com/wp-content/uploads/2024/11/GcPw1QVasAA17JQ.jpeg" alt="" width="1600" height="900"> 
According to Google search trends, searches related to Bitcoin have reached 78% of their five-year peak. This trend indicates that investors are showing increasing interest in the largest cryptocurrency. 
<h2 style="text-align: justify" id="strong-high-demand-for-spot-bitcoin-etfs-strong">High Demand for Spot Bitcoin ETFs</h2> 
Moreover, spot Bitcoin ETFs in the U.S. have emerged as another indicator of rising interest. Following the U.S. elections, over $1 billion flowed into spot Bitcoin ETFs on two consecutive days. These inflows reflect investors’ confidence in the largest cryptocurrency, indicating a swift recovery in the market. 
Matrixport asserts that the recent increase in Bitcoin’s trading volume shows that <a href="https://en.coin-turk.com/microstrategy-targets-major-growth-with-bitcoin-accumulation-strategy/" data-wpel-link="internal">cryptocurrencies</a> are regaining popularity among individual investors, suggesting that market activity may continue in the upcoming period. 
Currently, Bitcoin is trading at $87,558, reflecting a 1.18% decrease in the last 24 hours. Additionally, the market capitalization of the largest cryptocurrency stands at $1.73 trillion. The total market capitalization of the cryptocurrency market hovers around $2.9 trillion, demonstrating Bitcoin’s continued dominance, with its market share exceeding 60%. 
The post <a href="https://en.coin-turk.com/bitcoin-sees-significant-volume-surge-after-u-s-presidential-elections/" data-wpel-link="internal">Bitcoin Sees Significant Volume Surge After U.S. Presidential Elections</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Sees Significant Volume Surge After U.S. Presidential Elections

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