US Market Hours Dominate Bitcoin Trading and Reach Record Highs

BTC

$70,267.99

-1.24%

Bitcoin trading during US market hours hit a record high, accounting for 46% of cumulative volume through April this year, according to Bloomberg. This data comes from a study conducted by Kaiko Research, a cryptocurrency research firm. The study suggests that the increased trading share may be related to the launch of spot Bitcoin exchange-traded funds (ETFs) in January. Volume saw an increase towards the beginning and end of US trading hours.$BTC