#Bitcoin trading volume doubles#
Hot Topic Overview
Overview
Bitcoin network transaction volume surpassed $19 trillion in 2024, more than double the amount in 2023, marking a significant reversal after two consecutive years of declining volume. During the 2021 bull market, Bitcoin transaction volume peaked at $47 trillion, but plummeted sharply in the following two years. This surge in volume suggests a resurgence in the Bitcoin market, with investors showing renewed interest in cryptocurrencies.
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. In 2021, Bitcoin transaction volume peaked at $47 trillion before plummeting. The surge in transaction volume suggests a revival in the Bitcoin market, with investors reigniting their interest in cryptocurrencies. While the volume is still below the 2021 peak, the trend indicates that the Bitcoin market is heading in a positive direction.
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Public Sentiment
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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 growth in Bitcoin transaction volume could be attributed to renewed interest in cryptocurrencies and increased investor confidence in BTC as a safe-haven asset.