#Bitcoin trading volume doubles#
Hot Topic Overview
Overview
Bitcoin network transaction volume saw a significant increase in 2024, reaching $19 trillion, more than double the $8.7 trillion recorded in 2023. This marks the first major rebound after two consecutive years of decline following the 2021 bull market. While the volume is still below the peak of $47 trillion reached in 2021, this growth trend indicates a revival in the Bitcoin market and growing investor confidence.
Ace Hot Topic Analysis
Analysis
Bitcoin network transaction volume saw a significant increase in 2024, reaching $19 trillion, more than double the $8.7 trillion recorded in 2023. This marks a major reversal after two consecutive years of decline following the 2021 bull market. While this growth trend still falls short of the $47 trillion peak during the 2021 bull run, it indicates a resurgence in Bitcoin trading activity. This phenomenon could be attributed to several factors, including the overall recovery of the cryptocurrency market, increased institutional investor interest in Bitcoin, and the expanding adoption of Bitcoin as a payment method.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin network transaction volume exceeded $19 trillion in 2024, more than double that of 2023.
This is a major reversal after two consecutive years of declining transaction volume since 2021.
Bitcoin transaction volume peaked at $47 trillion during the 2021 bull market, but plummeted sharply in the following two years.
The surge in Bitcoin transaction volume may be related to the rise in Bitcoin prices in 2024.