🎉🚀 Bitcoin (BTC) enthusiasts, buckle up! Q1 2024 has been a blast for our favorite digital asset, marking its third-best quarter in the past three years, says a report from Kaiko. 📈

BTC recorded a whopping $1.4 trillion in trading volumes between January and March 2024, a 107% increase from the $674 billion in Q4 2023. 🎯 The last time we saw similar volumes was in Q1 and Q2 2021, with $1.93 trillion and $2.16 trillion traded respectively.

This surge in trading volumes signals stronger market engagement and improved market participation. 🎊 Major exchanges like OKX and Bybit saw significant growth, while smaller Asian platforms like Bithumb, Korbit, Bitflyer, and Zaif recorded the highest percentage increase in trading volumes. 🌏

The star of the show? The launch of spot Bitcoin ETFs in the United States. 🇺🇸 High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. 📊

Meanwhile, the 60-day correlation between BTC and altcoins hit multi-year lows in Q1 2024. Kaiko attributes this to altcoins' competition for liquidity, while Bitcoin saw high inflows amid the launch of spot ETFs. 🚀

So, here's to Bitcoin's continued success! 🥂🎉