#Bitcoin trading volume doubles#
Hot Topic Overview
Overview
In 2024, Bitcoin network transaction volume surged to $19 trillion, more than double the $8.7 trillion recorded in 2023. This marks a significant reversal after two consecutive years of decline following the 2021 bull market. In 2021, Bitcoin transaction volume peaked at $47 trillion, but plummeted in the subsequent two years. The surge in transaction volume suggests that the Bitcoin market may be recovering, with investor interest in cryptocurrencies returning.
Ace Hot Topic Analysis
Analysis
Bitcoin network transaction volume surged in 2024, reaching $19 trillion, more than double the amount in 2023. This growth trend marks a significant reversal after two consecutive years of decline following the 2021 bull market. In 2021, Bitcoin transaction volume peaked at $47 trillion, but it plummeted in the following two years. The surge in transaction volume suggests a revival in the Bitcoin market, with renewed investor interest in cryptocurrencies. While the volume has surpassed 2023 levels, it remains far below the 2021 peak, indicating that there is still significant room for growth in the Bitcoin market.
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Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin network transaction volume surpassed $19 trillion in 2024, more than double the amount in 2023.
This surge marks a significant reversal after two consecutive years of declining transaction volume since 2021.
During the 2021 bull market, Bitcoin transaction volume peaked at $47 trillion, but plummeted sharply in the following two years.
The increase in Bitcoin transaction volume may be related to the rise in Bitcoin price in 2024.