#Bitcoin trading volume doubles#
Hot Topic Overview
Overview
Bitcoin network transaction volume hit a new high in 2024, reaching $19 trillion, more than double the amount in 2023. This marks a significant rebound after two consecutive years of decline following the 2021 bull market. While the volume is still below the 2021 peak of $47 trillion, the upward trend suggests that the Bitcoin market is regaining momentum and investor interest in cryptocurrencies is rekindling.
Ace Hot Topic Analysis
Analysis
Bitcoin trading volume saw a significant surge in 2024, reaching $19 trillion, more than double the $8.7 trillion recorded in 2023. This growth marks a major reversal after two consecutive years of decline following the 2021 bull market. In 2021, Bitcoin trading volume peaked at $47 trillion, but it plummeted in the following two years. The reasons behind this surge in trading volume are unclear, but it could be the result of a combination of factors, such as Bitcoin price volatility, increased investor interest in cryptocurrencies, and the emergence of new trading platforms and services.
Public Sentiment · Discussion Word Cloud
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 rebound in Bitcoin prices in 2024.