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. |
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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. |
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