In June 2024, Bitcoin’s trading volume has shown significant activity, reflecting the heightened interest and volatility in the cryptocurrency market. On average, the daily trading volume for Bitcoin has ranged between $14 billion and $45 billion, with noticeable peaks around major market movements and announcements.
During the first half of June, Bitcoin experienced substantial trading volumes, especially around the time it surpassed the $68,000 mark, driven by bullish sentiment following Ethereum ETF approvals and other positive market developments. For instance, on some days, the trading volume exceeded $20 billion, indicating robust trading activity as investors speculated on potential price movements .
This increased volume suggests strong market participation and liquidity, essential for supporting Bitcoin’s price levels and potential for further gains. The fluctuations in trading volume are typically aligned with significant price changes, demonstrating the high volatility and active trading environment that characterizes Bitcoin’s market behavior .
