#Bitcoin trading volume doubles#
Hot Topic Overview
Overview
Bitcoin network transaction volume surged in 2024, reaching $19 trillion, more than double the 2023 figure, marking a significant reversal after two consecutive years of decline. While this growth trend still falls short of the $47 trillion peak during the 2021 bull market, it indicates that Bitcoin trading activity is recovering.
Ace Hot Topic Analysis
Analysis
Bitcoin network transaction volume surged to $19 trillion in 2024, 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. Bitcoin transaction volume peaked at $47 trillion in 2021, but plummeted in the following two years. The surge in transaction volume suggests that the Bitcoin market is regaining momentum, and investor interest in cryptocurrencies is rekindling. While the volume is still below the 2021 peak, the trend indicates that Bitcoin may be entering a new growth phase.
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 market sentiment and price fluctuations.