Bitcoin (BTC) 
$87,585made a significant jump in transaction volume after the US presidential elections and reached a record transaction volume of $145 billion in the last 24 hours. According to data compiled by Matrixport, this volume recorded represents a rapid decline in August and an increase of 50 percent above the peak levels of March 2024.
Individual Investor Interest Revived
This latest increase in trading volume according to Matrixport cryptocurrency marketThis indicates that individual investor interest is rising again. Historically, retail investors tend to have high participation for weeks or even months in bull markets. This increase Bitcoin marketIt can be interpreted as a bullish signal.
According to Google search trends, Bitcoin-related searches have reached 78 percent of the peak in the last five years. This situation is one of the biggest problems for investors cryptocurrencyIt shows that his interest has increased.
Spot Bitcoin ETFs Are in High Demand
On the other hand, spot Bitcoin ETFs in the USA also stood out as an indicator of increasing interest. Following the US elections, there was over $1 billion in fund inflows into spot Bitcoin ETFs for two consecutive days. These fund inflows are an indicator of investors’ confidence in the largest cryptocurrency and indicate that the recovery in the market is accelerating.
According to Matrixport, the recent increase in Bitcoin’s transaction volume shows that cryptocurrencies have become popular again among individual investors and the market activity may continue in the coming period.
According to current data, Bitcoin is traded at $ 87 thousand 558, with a decrease of 1.18 percent in the last 24 hours. Again, according to data, the market value of the largest cryptocurrency is 1.73 trillion dollars. However, the total market value of the cryptocurrency market is on the verge of 2.9 trillion dollars. This shows that Bitcoin dominance continues in the cryptocurrency market. As a matter of fact, Bitcoin’s dominance over the market is above the 60 percent threshold.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
