The volume of transactions in the bitcoin market reached a record $145 billion per day
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Johny Smith
2024/12/05
3 mins read
Matrixport researchers noted that trading volume in the Bitcoin (BTC) market set a new record, reaching $145 billion in the last 24 hours. This is 50% higher than previous figures recorded in August and March of this year. This significant increase indicates increased activity among retail investors and institutions, creating a positive outlook for the market.
According to Matrixport, during periods of rising interest in Bitcoin, volumes tend to remain high for several weeks, especially in a bull market. This fact could indicate further strengthening in the price of the cryptocurrency if interest continues.
Google searches for Bitcoin have also skyrocketed, reaching 78% of their highest levels in the last 5 years. Another driver of growth is the influx of funds into exchange-traded funds (ETFs), which after the US elections amounted to more than $1 billion for 2 days in a row. These indicators highlight that BTC digital coin remains the focus of global investors’ attention.
Experts say high trading volume and activity in ETFs could indicate growing demand from institutional participants who now have access to more convenient investment tools. As the inflow of funds increases, this contributes to price growth and overall market stability.
Trade value indicators also highlight the seriousness of the current bullish trend. Previous periods of such activity have seen prolonged price increases. However, experts warn that adjustments are possible, since volatility remains one of the key market factors. Analysts continue to monitor BTC price movements, noting that the sustainability of new levels could play an important role in year-end forecasts.
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