News

Bitcoin Trading Volume Skyrockets to $145 Billion as Retail Investors Return

Key Points:

  • Bitcoin trading volume has skyrocketed to $145 billion in the past 24 hours, nearly 50% higher than it was during the August crash and March peak!
  • Increased trading volume signals growing confidence in Bitcoin, a positive bullish indicator!
  • Google searches for Bitcoin hit 78% of their 5-year high, plus $1B in Bitcoin ETF inflows post-U.S. election! 🇺🇸
According to a report published by Matrixport, Bitcoin trading volume has surged to an all-time high of $145 billion in the last 24 hours, growing nearly 50% from the flash crash in early August and surpassing the previous peak back in March.

Bitcoin Trading Volume Breaks Record at $145 Billion

This sudden volume spike means that the market dynamics have changed drastically, with retail investors making a solid return in the crypto space.

This sharp rise in Bitcoin trading volume has been seen as a bullish signal. Historically, retail investors flow into any bull run in some cyclic pattern, taking many weeks, even months. This may further show that this influx of retail interest may be a growing optimism and confidence in Bitcoin, especially with improved market conditions.

Read more: Bitcoin at $80000, Ethereum at $3,000—Which Coin to Invest in for Less Than $0.10?

Bitcoin Searches Surge Alongside $1B ETF Inflows

Besides the surge in trading volume, the trends in Google search for Bitcoin have also surged to 78%, the highest level in the past five years. This shows that there are more online searches and, therefore, more interest and engagement by the general public, proving the renewed momentum of interest in cryptocurrencies.

Bitcoin ETF inflows have also surged since the U.S. presidential election. For two consecutive days, Bitcoin-based exchange-traded funds recorded more than $1 billion in inflows, revealing growing interest among institutional investors for the digital asset.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Consensys Linea Decentralization Through New Swiss Association

Consensys Linea Decentralization advances with the new Swiss-based Linea Association, promoting governance, growth, and a…

30 minutes ago

From Memes to Millions: How One Investor Is Leveraging Pepe Coin Gains to Bet Big on BlockDAG’s Future

Uncover the tale of a meme aficionado who parlayed a modest Pepe Coin investment into…

30 minutes ago

4 Coins That Will Skyrocket and Create Unbelievable Wealth in Your 2024-2025 Bull Run Portfolio

With the cryptocurrency market positioning itself for an upsurge within the years 2024–2025, it is…

30 minutes ago

Italy Considers Reducing Proposed Italy Crypto Tax to 28%

Italy considers lowering its proposed Italy crypto tax increase to 28% from an initial 42%,…

6 hours ago

Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with…

6 hours ago

Elon Musk Invests $200M in Trump, Treats Government Like X (Twitter)

Elon Musk applies his X (Twitter) management style to politics. His political strategies, including voter…

7 hours ago

This website uses cookies.