The bitcoin (BTC) market reached unprecedented activity in the first eight months of 2024, surpassing the record notional trading volume seen during the bull market of 2021.
According to Paris-based data provider Kaiko, the cumulative trading volume amounted to $2.874 trillion in the first eight months, nearly 20% higher than 2021's volume.
'The rise in crypto volatility has been accompanied by increased market participation, at least in the bitcoin market,' Kaiko stated about the record-setting trading volume.
Data from TradingView showed bitcoin's 10-day realized volatility surged to an annualized 100% in April, driven by inflows into U.S.-listed ETFs and Fed rate cut expectations.
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