The trading volume of Bitcoin (BTC) has reached unprecedented levels in the first eight months of 2024, surpassing the record volume seen during the 2021 bull market. The cumulative trading volume of BTC bought and sold on centralized exchanges amounted to $2.874 trillion, which is nearly 20% higher than the volume recorded in the same period in 2021. This increased market activity is likely due to the volatility in the crypto market and uncertainty in the macroeconomic environment. The rise in volatility has been accompanied by increased market participation in the Bitcoin market.



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